do you have to declare capitak gains with coin trading?

>>2301500
isn't it vat-exempt

for the US:

"This notice describes how existing general
tax principles apply to transactions using
virtual currency. The notice provides this
guidance in the form of answers to frequently
asked questions. "


https://www.irs.gov/pub/irs-drop/n-14-21.pdf

just use localbitcoins so you can get away with 100% of the cash

who the fuck pays easily avoidable taxes lmao

>>2301525
thx anon. is anyone actually claiming their billions on tax?>>2301525

>>2301525
Also,

https://money.stackexchange.com/questions/74789/do-altcoin-trades-count-as-like-kind-exchanges-deferred-capital-gains-tax
https://www.aicpa.org/advocacy/tax/downloadabledocuments/aicpa-comment-letter-on-notice-2014-21-virtual-currency-6-10-16.pdf

According to the American Institute of CPAs,
>Section 4, Q&A-1 of Notice 2014-21 states that “general tax principles applicable to property transactions apply to transactions using virtual currency,” which is guidance that is generally helpful in determining the tax consequences of most virtual currency transactions. However, if there are particular factors that distinguish one virtual currency as like-kind to another virtual currency for section 1031 purposes, the IRS should clarify these details (e.g., allowing the treatment of virtual currency held for investment or business as like-kind to another virtual currency) in the form of published guidance. Similarly, taxpayers need specific guidance of special rules or statutory interpretations if the IRS determines that the installment method of section 453 is applied differently for virtual currency than for other types of property.

so if you're trading altcoins that don't exchange directly into fiat, it's a like-like exchange tha doesn't create a tax event, but capital gains apply once when u cash out from BTC to fiat.

But if you're speculating in something with a direct USD-Coin exchange like BTC, eth or LTC, those trades might qualify as capital gains tax events

>>2301567
most of us don't want to sell coins to an undercover cop and go to federal-pound-me-in-the-ass prison desu

>>2301610
I've heard that if you trade from a crypto to fiat, but keep the fiat in the exchange, it isn't taxable until you send it to your bank account?

>>2301500
BE CAREFULL (((THEY))) ARE AFTER YOU.

>>2301675
Not sure, I think it depends where the exchange is located, I'd definitely declare it during tax season if the exchange is located in the US though.

Suppose I had 10k usd worth of BTC and I used it to buy a 75 inch oled 4k tv at a store that accepts BTC, would I just be paying sales tax and it's all good?

>>2301666
just buy 10k cash for 11k worth in btc on darkweb

/biz/ why did you tell me to buy this?

https://www.youtube.com/watch?v=yaTh5WCuQAM