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Started By
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IRS and crypto
Posted on 8/18/22 at 1:56 pm
Posted on 8/18/22 at 1:56 pm
I guess this is a start for what they will be looking for with all the new agents. I don't own any crypto, but have looked into buying.
5
Posted on 8/18/22 at 1:58 pm to nuwaydawg
Good to see that it’s finally legal to bully nerds again
I hope the irs breaks crypto dorks glasses
I hope the irs breaks crypto dorks glasses
Posted on 8/18/22 at 1:59 pm to nuwaydawg
Can I write off my losses on U.S. dollar on ths flipside????
Posted on 8/18/22 at 2:01 pm to Strannix
quote:
Can I write off my losses on U.S. dollar on ths flipside????
Yes
Posted on 8/18/22 at 2:03 pm to Strannix
You can. And as of now, there is no wash sale rule on crypto.
Posted on 8/18/22 at 2:03 pm to nuwaydawg
As long as you're not balls deep in defi, keeping track of trades for tax purposes is pretty easy these days. The recent borderline-unconstitutional Tornado Cash sanctions have made things very interesting, as well.
Posted on 8/18/22 at 2:05 pm to nuwaydawg
I guess the party is over.
Posted on 8/18/22 at 2:09 pm to BottomlandBrew
I used koinly to sort my defi stuff pretty easily.
Posted on 8/18/22 at 2:10 pm to nuwaydawg
quote:
I guess this is a start for what they will be looking for with all the new agents. I don't own any crypto, but have looked into buying.
What's the problem? Pay your taxes
Posted on 8/18/22 at 2:25 pm to MrSpock
quote:
What's the problem? Pay your taxes
Yeah. Imagine being able to transact business outside of the federal gov't and the IRS. Man that would suck. We only did it for hundreds of years.......
Posted on 8/18/22 at 2:34 pm to Aubie Spr96
quote:
Imagine being able to transact business outside of the federal gov't and the IRS. Man that would suck. We only did it for hundreds of years.
No we didn't. The country has barely been around for "hundreds of years"
Posted on 8/18/22 at 2:37 pm to Aubie Spr96
quote:
Yeah. Imagine being able to transact business outside of the federal gov't and the IRS. Man that would suck. We only did it for hundreds of years.......
I pay my lawn man in cash all the time.
Posted on 8/18/22 at 4:37 pm to Lightning
quote:
You can. And as of now, there is no wash sale rule on crypto.
I was being facetious about inflation not currency trades
Posted on 8/18/22 at 9:04 pm to MrSpock
The entire problem is THE TAXES.
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