I HAVE TO PAY TAXES ON MY BITCOIN GAINS!?!?!?

>>1338506
it's only capital gains when you cash out, or if you have a wallet linked to your bank account (i.e. the feds)

Move to Puerto Rico.

http://www.forbes.com/sites/laurengensler/2015/02/11/puerto-rico-new-age-tax-haven/#6aa3ec654d26

>>1338506
>not knowing you had to pay for money you make
the fuck? Why do you think the IRS was made?

>>1338506
I had the same reaction.


I wonder if my wife would get half BTC in a divorce. I could just move them to an anonymous wallet, but she knows I have them.

>>1338517
This. Who wants to solidify assets in Bitcoin now anyway? The market cap is only going up from here.

>>1338533
If you think she might divorce you, tell her that you're thinking of cashing out. Don't, but then also go on a shopping spree to throw her off that you haven't done anything. Create a new wallet through Tor and tumble your bitcoins there. Then you can escrow them back to any clearnet wallets you want.

>>1338593
Thanks anon. No reason to think we'll divorce other than she's a woman, but now I know how to prepare just in case she pms's real bad.

if you're mining bitcoins does that make the power bill used to mine them tax deductible?

>>1338533
>not signing a prenup
YOU FUCKED UP BIG TIME

>>1339025
I think you mean
>ever getting married at all

I know we all like to take risks here but the reward is virtually none existent

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>>1338506
>tfw there is no capital gains tax in my county

>>1338533
tell your wife your actually a black lesbian, she cant deny your one or shes oppressing you.

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Don't wanna pay taxes?

B-b-but senpai

So lets say i wanted to cash 10k worth of bitcoins i made illegally. How would i go about doing that?

>>1339138
kraken

>>1339148
Ok but just putting 10k in my bank account out of no where is gonna look sketchy

>>1338523
to spoil a good time.

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Do your god damn duty and get fucked in the ass OP

>>1339160
Arent you allowed 15k in undeclared "gifts"

>>1339138

How would the gov know they were made illegally?
(What does that even mean?)

>>1339138
bitcoins i made illegally
illegally
story time?

>>1339138
sell them for cash face to face

>>1338506
Idiot. Bet you're one of those occupy faggots that bitch investors don't pay their fair share.

>>1339138
sell them to people who sell them for a 5% decrease in price.

>U.S. citizens have to pay taxes on all capital gains
>profiting off of bitcoin obviously qualifies as capital gains

if you're this retarded you have no business investing

>>1339630
what people haven't figured out yet is that because the IRS didn't classify them as a stock/security, wash sale rules don't apply and you can generate tax beneficial transactions to your heart's content as long as you can prove they had economic substance

>>1340430

What does this mean? Can you clarify please

>shocked by taxes

Average Bernie Millennial retard who thinks we're not taxed enough until they themselves are forced to pay.

Hate to say it but I went through this denial too. They don't teach kids anymore what to do when they attain a sudden increase in wealth. They taught us to be good goys and that making profit is evil.