« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: The Government Is Coming For Your Bitcoin ,, I was wondering,,,,,WHEN LOL 

By: Beldin in POPE IV | Recommend this post (1)
Mon, 04 Dec 17 5:36 AM | 51 view(s)
Boardmark this board | POPES NEW and Improved Real Board
Msg. 39559 of 47202
(This msg. is a reply to 39537 by Zimbler0)

Jump:
Jump to board:
Jump to msg. #

Absolutely correct, Zim ... doesn't matter what you're trading ... if you make a transactional gain, it is reportable income.




Avatar

The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence




» You can also:
- - - - -
The above is a reply to the following message:
Re: The Government Is Coming For Your Bitcoin ,, I was wondering,,,,,WHEN LOL
By: Zimbler0
in POPE IV
Sun, 03 Dec 17 9:51 PM
Msg. 39537 of 47202

>>>
Look at Wesley Snipes. The IRS accused him of felony tax evasion. He spent three years in jail.
>>>

Zim: Was Wesley Snipes guilty of tax evasion?

>>>
Now that it’s at all-time highs, the government wants its piece.

I read the 400+ pages of the proposed tax code. How many lines in there do you think deal with cryptocurrency? ZERO.
>>>

Zim: Actually,
I thought Capital Gains was pretty cut and dried.
You buy something at one price, sell it at another
price, and if one made money one pays the taxes on
the gain . . .

If folks who bought bitcoin and sold it for a fat
profit are not paying taxes, well, that is 'Tax Evasion'
and they should be prosecuted and fined for it.

Zim.


« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next