The jig is up, time to sell all your crypto before the IRS comes for you.
Uh oh cryptobros
> implying i give a fuck about the IRS
They can’t do shit if I don’t sell
>load ze IRS fud
Fed detected
Oh no, crypto traders are now going to suffer the same fate as stock traders, how will they ever recover?!?!!
Well what's the point of the warning? If this is true it's not like you can do anything about it.
Big based brain
>if you evade tax the IRS will come after you
No shit? What does this have to do with crypto exactly? Announce your income and pay your tax.
I can invest as much as I fucking want in crypto.
I only "owe" these criminals if I sell for profit and
make over $12,400 in one year. FUCK THE IRS.
I'll live like a bum before I pay them a fucking dime
If they actually had the capability to do this, they would just do it. All these threats are just to scare you into complying. Don't pay attention to them.
>IRS
Stay salty burgerjews.
I mined my stack.
al Capone feared IRS
dont get to cocky bro
I'm a nocoiner boomer and this seems dumb.
True and based, but watch them push thru the "unrealized gains" taxation scheme and fuck everyone over.
I run market making bots.
Let the IRS investigate my literal 5000 $0.05 trades a day (tens of millions of trades a year) that came to a total net loss of 40%.
Don't use their money and they are powerless.
you're only evading tax when you've realised your gains and omitted said gains from a tax return. fuck off slidethread
>investing in crypto is tax evasion
retarded take
I'm announcing my income!
I declare I made less than the standard deductable
for the last ten years
Jokes on them. They’ll have to dig through 20 wallets used for defi swaps just to discover I lost money and they owe me.
>If they actually had the capability to do this, they would just do it.
that's a pretty retarded thought. why would they do that on day 1 of crypto for little money when they can wait till day 5000 and rape millions of people. I guess you've never heard of the long con
I paid taxes on my gains last year. Don't these people have accountants to tell them this shit?
Bullish for monero, the only goddamn crypto that gets used.
Sage and op is a retard
Based
>IRS will look back 5 years
Made my fortune and cashed out long before this
You don't owe anything until you sell
You guys don’t get it, cryptos and NFTs are the hook to get us to adopt their CBDCs and their metaverse. IRS threads are FUD to shake out retail investors so they can buy cheap before flipping the switch for the new system.
i already paid my taxes
lol, someone is salty that he missed out.
Statist bootlickers are the most repugnant creatures in existence. They suckle at the teat of authority and in return they get a pat on the head. Until it's their time to be devoured by the same entity they nursed from.
The petty and vindictive nature of the stupid prick who wrote that is clear as day. I'm not even a crypto nerd but anything that takes power out of the hands of centralized power is good. Otherwise (((they))) will gobble everything up without hesitation.
this ...fuck them! without them, the left would whither away. it's the IRS that's the lifeline to big gov., faggot politics and flooding the country with shit skins.
People actually SELL with crypto? Nah you buy a fuckton, think the crypto you invested in will boom, it doesn't, you wait for the long haul in some desperation it will do something decent to make some gains
I don't owe shit to the IRS, I hold baby
Based bagholder
Pay your fucking taxes you niggers. Just like the rest of us lol
THEY ARE GOING TO IMPRISON 1/3 OF THE US POPULATION
IT'S HAPPENING
>china ban #49
>environment bullshit
>tether is unbacked
>regulation
>51% attack
>mining crackdowns
Always the same cycle of bullshit in an attempt to shake out retail.
>Implying I dont HODL with hidden wallets
Reminder that cryptocurrency is a "wild west". There is no laws or rules about market manipulation in crypto. So people often say things like this in an attempt to force the markets in a certain direction, so they can profit big time. They were doing this with Trump a lot, they'd lobby him to go say something or another about Crytpo and spook the markets, then cash out big time. There's entire twitter trolling operations that do this constantly.
OP's post is likely one of those
I’ve already filed for cap gains on my crypto. What kind of fucking retard doesn’t do that shit? They have. a monopoly on violence over you. Until we live in ancap utopia, they are simply an evil that’s there you have to square with.
>FUD threads on Any Forums
EXTREMELY bullish
They gonna look into "AnOnYmOuSee" and how they can shell out $50k in crypto for surrendered russian vehicles?
How many people invested in crypto? Is the IRS going to put people through school to become tax fraud investigators to catch them all?
Except the only taxable transactions are when you convert to or from fiat.
Are the IRS also going to investigate my gold trades in World of Warcraft?
That's not how it works user. You get taxed only when gains are realized and it's either through STGCT or LTGCT. There is no unrealized gains tax.
Then I will claim unrealized dependants.
Good let the panic selling begin. I need one more buying spree to finish my collection
Oh no you like sucking government dick and clapping at the notion that there is no escape for sucking dick. Whatever shall you do? Bring on the nuclear war. Faggots like you need to burn.
At last! I can finally upgrade my rig!
>use taxed income to invest
>get capital gains tax on positive return
>sales tax on what you buy with it
Kek
Any Forums FUD campaigns are normally a pretty solid buy signal. Faggot OP showing up here for no apparent reason is even more so.
We are in agreement that's not how it works, but if I may fellow user, draw your attention to clown world and Biden's first narrative float into taxing unrealized gains:
bloomberg.com
>Implying the IRS has the money to carry out a mission like that
Yeah, uh huh, sure they will
There's no way anyone can be that stupid, right? God save us from this senile retard.
>Buy crypto in 2011
>Become multi-millionaire
>Take out loans using crypto as collateral
>Loans aren't taxed as capital gains because you haven't sold anything
Get fucked IRS.
This. You think people capable of actually analyzing the blockchain to track movement between wallets are going to work for the IRS for 70k?