Does anyone know how to claim all this crypto madness on my taxes?

>>2264881
you move to a different country like Denmark

fuck the U.S., don't you get it?

seriously

FUCK the U.S.

>>2264902
I'm actually a US citizen living abroad in South America right now, I'm sure this changes something

>>2264907
That changes nothing. You still technically owe taxes as a US citizen even if earned out of the country.

>>2264907
Where in SA?

>>2264959
Chile, they eat hot dogs for breakfast lunch and dinner here. It's fucking wierd

File: slaves.jpg (94KB, 678x960px) Image search: [Google]

94KB, 678x960px

Do I have to pay taxes on every transaction or my gross profits?

>>2264907
Every US citizen has to report their world wide income to the IRS

>>2264997
reconsidering if I want to become a citizen now.....

>>2264881
cointracking.info is a good site to keep track of all your trades. You can import all your trading date from all the exchanges into one account. There is a max number of data points that they'll handle for free and you have to pay after that. You can prepare a tax report on it too

>>2264881
Good thinking anon. Once this shit blows the taxman is going to be hard up in every ass that has ever touched the shit.

>>2265018
holy fucking shit anon you have just saved me a fucking grind

>>2265023
Absolutely, I'm not trying to get bent over for this. Making money is fun but the long dick of the taxman is cold and dry

>>2264968
Awesome. Yeah, they call them "Completos". I'm actually moving there soon. May I ask what's your rent in Pesos?

Also, read this up, it might help, idk (not American):
https://brighttax.com/blog/us-expat-taxes-for-americans-living-in-chile-everything-you-need-to-know

>>2264907

If you're living abroad you only have to pay taxes on $100,000+ income.

Idk how capital gains work.

>>2265046
Been here almost a year. STGO. I split rent with my GF at 260k pesos. I don't know how to exchange private info on 4chan boards but if you want to meet up when you move down here let me know

>>2265013
Places like new zealand don't cgt you on the capital you bring in with you, you'd have to pull the ultimate bull maneuver and become a resident pre gains but you could be looking at saving a fortune the way this shits going. This could be worth looking into for anons who are in and approaching the 7 figure blockfolios

>>2265063
Nice tip. NZ is fucking beautiful too

>>2265061
Hit me up at my throwaway email and maybe we'll exchange info later: humanm90 at gmail dot com

I'll probably be moving down there around August-September, thinking about Providencia, Independencia or Los Condes

>>2265118
Cool, I'm in Nunoa. Los Condes is a little spendy fyi. I'll send you an email

>>2264881
just get a bitpay card