Does Poloniex declare capital gains to the government? I invested

They probably don't, crypto is seen as a good not a product. If you convert to us then you pay tax, that's why you should buy with crypto instead of selling to usd.

>>2057828
I live in Canada, and Bitcoins are considered capital gains. I'm afraid that if I just slowly take the money out, poloniex will tell the government.

>>2057828
My understanding is that ANY trade is a reportable event.

If I bought a bitcoin at $200 a few years ago and then bought XRP with it when my bitcoin was worth $1500 of course the IRS wants their cut of that $1300 difference.

I wish it worked like you're saying. I think it does in Denmark or something.

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>>2057920
No.

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>>2057920
>>2057951
This is the shit someone was posting earlier.

And here is how it actually works:

>>2057951

If you held your investment for over a year you don't count it as income, that guy is wrong.

>>2057314

Does it fuck. You're safe until you put a large sum into your bank account, and even then you will have a while to declare it.

I'm not even gonna call my earnings trading stuff, I'm gonna say it was a car sale or something.

>>2057959
"might qualify as a like-kind exchange"

"might"

We do not know that that is true. The IRS has not clarified it. I HOPE it's a like-kind exchange.