Ive amassed about 20k in crypto, locked and loaded for the next moon. Im not a noob but have a solid job and never questioned by IRS, my question is, if i moon to 400 or 800k, switch cryptos a decent amount so fairly untraceable, also gambled om some exchanges but mostly lost. i can localcoin into cash, but, how the fuck could i claim earnings to the irs, im on ten exchanges us and non us and in and out of coins. I guess my question is how the fuck i can buy a home, seems like i have to do it with my normal earnings and just live lavishly with crypto on top
>>3508934
capital gains, just claim you mined it 7 years ago and just found your password now
If i did it legit, do i guesstimate easnings. Say i was on btce and didnt getfucked. No real way to print out exactly what i did
>>3508944
wrong, faggot. mining counts as self-employment and fucks you over yugely.
>>3508944
That makes sense. There is no way they can prove cost estimate, they are just happy tor a cut?
Im not fucking around or larping. But i just dk. 20k to me is a lot, from a couple thousand, and its set for more investments
>>3508964
So do you have any idea if its 100k. Its not a stupid question to ask i dont think
So i guess nobody knows. Back to the drawing board. I guarantee if someone has 200k gains they will just buy cars and shit off craigslist and buy shit the govt can show you cant afford with their earnings. I know like 800 people from coinbase filed with the IRs so nobody has crossed that bridge.
Just wondering what the buyer of that london flat for 500 btc filed