Do I pay taxes on Bitcoin if my money stays in the exchange wallet,

Thread replies: 4
Thread images: 1

Anonymous
2017-08-05 07:16:50 Post No. 2962341
[Report] Image search: [Google]

File: TaxMan.jpg (46KB, 338x356px) Image search: [Google]

Anonymous 2017-08-05 07:16:50 Post No. 2962341 [Report]

Do I pay taxes on Bitcoin if my money stays in the exchange wallet, or only after I've sent it to my bank account?

For example, I buy 1 bitcoin at 3000, sell at 3100 and move the money to my USD wallet on coinbase. I then use it to buy in again aND repeat the process but never actually send it to my bank account. So I never "cash out", only accumulate.

Is it still a reportable tax event?

Anonymous 2017-08-05 07:25:07 Post No.2962409
[Report]

Anonymous 2017-08-05 07:25:07 Post No.2962409 [Report]

>>2962341
Every move from bitcoin to fiat is taxable

Anonymous 2017-08-05 08:39:49 Post No.2963024
[Report]

Anonymous 2017-08-05 08:39:49 Post No.2963024 [Report]

Only if you live in burgerland.

Go live to pajeet countries then fell free to play with crypto stuff with 0 taxes

Anonymous 2017-08-05 08:48:00 Post No.2963097
[Report]

Anonymous 2017-08-05 08:48:00 Post No.2963097 [Report]

>>2963024
Plus, if you suddenly need to shit, it's no problem. Just squat and let fly.

Do I pay taxes on Bitcoin if my money stays in the exchange wallet,

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/