1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

mannyrs13

Degenerative Gambler
Supporter
Joined
May 8, 2012
Messages
32,693
Reputation
15,060
Daps
76,585
Reppin
Focusville, USA
What’s fukked up is this vendor CDC uses sends that form to the IRS without your consent. That’s what’s pissed off a lot of people. Some have even said they’re leaving CDC because of it.

:francis:


Wouldn't be surprised if coinbase, binance, and other CEX do the same thing just like the stock market exchanges. They aren't going to expect people to be honest when it comes to reporting their income and numbers cuz some may give incorrect info.


Here's an article on CB.

Does Coinbase Report to the IRS? | TokenTax

If you are on an exchange that has your personal info then they could and likely will report to irs. But they can't if it's on a DEX.
 

Slimkid07

Superstar
Supporter
Joined
Aug 13, 2013
Messages
3,393
Reputation
1,310
Daps
18,575
I thought we all knew this?
Coinbase, Binance, Kraken, Bittrex, Gemini, Crypto.com etc. all report to the IRS.
If you can go into your account options and download your 1099ks, it's been reported.

That's why I always wonder when everyone's tethering up, where are they doing it because that's a taxable event?
It's funny, every time I ask ppl in my chatrooms or boards about taxes all I get is :guilty::huh::unsure:. The government has been behind on figuring out how to tax ppl
but Biden doubled the IRS' resources and they're trying to get "their" money. Be careful guys.
 

mannyrs13

Degenerative Gambler
Supporter
Joined
May 8, 2012
Messages
32,693
Reputation
15,060
Daps
76,585
Reppin
Focusville, USA
I thought we all knew this?
Coinbase, Binance, Kraken, Bittrex, Gemini, Crypto.com etc. all report to the IRS.
If you can go into your account options and download your 1099ks, it's been reported.

That's why I always wonder when everyone's tethering up, where are they doing it because that's a taxable event?
It's funny, every time I ask ppl in my chatrooms or boards about taxes all I get is :guilty::huh::unsure:. The government has been behind on figuring out how to tax ppl
but Biden doubled the IRS' resources and they're trying to get "their" money. Be careful guys.

USDC or USDT or UST thru metamask or another wallet. of course the gas fees thing isn't helping but if its on FTM or another network its much cheaper. UST is on practically every chain so going stable is possible on any network.
 
Joined
Aug 27, 2014
Messages
16,195
Reputation
-4,290
Daps
68,787
@mannyrs13 look at STARL

t9bScLe.gif
 
Joined
Oct 22, 2017
Messages
26,641
Reputation
1,092
Daps
132,489
So, CDC just sent an email to its customers, informing them that the 1099 issues to us this week was inaccurate and will be replaced by another one on Tuesday.

:francis:
 

Black Trash!

Philosopher, Connoisseur, Future Legend
Joined
Aug 2, 2015
Messages
39,514
Reputation
-4,284
Daps
99,859
Reppin
Na
Trying to stock up on Yearn Finance 2
I got .23
Trying to put $500 into it by next week
 

mannyrs13

Degenerative Gambler
Supporter
Joined
May 8, 2012
Messages
32,693
Reputation
15,060
Daps
76,585
Reppin
Focusville, USA
Ah, jinxed it. Just took a look for the first time today.
It's only been like an hour and a half. Let the market dip and bounce back up if need be. Long as support is holding up. Still gotta see how Europe and then US look in the morning. Plenty of support available. Even for eth that's been avoiding that 2400 line this weekend. Gotta stay optimistic.
 

mannyrs13

Degenerative Gambler
Supporter
Joined
May 8, 2012
Messages
32,693
Reputation
15,060
Daps
76,585
Reppin
Focusville, USA
Seeing some stuff bouncing back from the dip earlier and others prolly join them as well. Might be tough for bitcoin today and tomorrow but I think it can stay strong. I believe it hits 39k this week, maybe even closes above it but anything can happen. Gotta get back over 37.5 first.
 

SleezyBigSlim

Superstar
Joined
Sep 23, 2014
Messages
18,839
Reputation
-1,523
Daps
49,864
Seeing some stuff bouncing back from the dip earlier and others prolly join them as well. Might be tough for bitcoin today and tomorrow but I think it can stay strong. I believe it hits 39k this week, maybe even closes above it but anything can happen. Gotta get back over 37.5 first.
Lol not going to happen Russia is about to invade the Ukraine, stocks and crypto will fall, NFT's are the hedge against inflation in 2022, not bitcoin, not gold.
 
Top