HELP WHAT DO I DO? I owe more in taxes than I have because of the 2022 crash. I rode ROSE from 59c to its current price, so I am down more than 90% of my portfolio. please save me
IRS IS AUDITING ME
sell what you have left and buy a nice set of kneepads
did you report anything at all or did you just completely omit crypto
Going to prison is honestly the most based thing I can think of to do during a recession.
>get to sit around all day and do nothing
>the Jews pay for your food and housing
>get to meet a lot of friends you'll keep for life
>might even get to join a gang on the outside
see if you can settle
the irs is kind of like a good wife
so long as you did what you were supposed to do with the best of your reasonable ability AND YOU NEVER LIED she's okay with it
every time ive spoken to the irs it's a grueling, but technically pleasant experience.
ama
Having a mailing address at all?, NGMI.
Explain your experience plz
We need more money for roads and locked down schools and Ukraine
what a dope :^)
lets make fun of him for his poor financial decisions
commence laughter
Abolish the IRS. We need based republicucks to run on this platform again. This nigga remembers 2012.
sell your rose and buy it back. boom you have an offsetting loss
Kek. You know what they say:
“CTCIATE - Crypto to crypto is a taxable event”.
>taxes
not a real thing
tell them to come to your house to talk about your audit
tell them to sit down on your sofa
turn on twitch or youtube live and behead them
This user is correct OP. if you basically communicate to the IRS what has happened, they'll work something out with you, they'll just be happy you're trying to do the right thing.
dealt with an audit in 2020
im not a good goy
im the best goy
and there's a reason i checked each box of crypto and read the tax code pertaining to my situation on what i could reasonably exercise
the audit process was very annoying, felt like the modern day version of the king's men comign to my door and going through my things looking for gold,
but,
ultimately,
it wasn't so bad because they had everything they needed because i actually file my taxes early and thoroughly.
by the way, pro tip. START YOUR TAXES IN EARLY DECEMBER. GET AN IDEA OF WHERE YOU STAND. complete your tax forms by the end of the december.
did you trade after christmas? cool, add those lines. otherwise, you know exactly what your status is.
people who wait until april 10th to start their taxes are so fucking stupid it hurts.
DECEMBER
DECEMBER IS TAX SEASON
if they wanted money why did they come to a shitcoin trader
Wait are Americans taxed on unrealised gains??
how did they find out in the first place, pls don't tell me you use coinbase to cash out
No, we aren't.
OP probably didn't report he traded crypto or pay any taxes on it and then coinbase or another entity told the IRS he holds crypto.
You fucked yourself OP, have nobody else to blame.
Keep track as you trade.
Cash out 30% and pay it as soon as you trade.
cooperate goyim
in the end you will be happy
I’m simply never paying taxes nigger
Seethe cope and dilate irs tranny. See you in Minecraft.