Why even bother with crypto anymore? Not only is it a massive gamble, but you get nickel and dimed by the government for every bit of possible profit now
>>62780516Dear Americans, is that how it is for you? Do you really have to file form X-4811 to obtain circular 7512 making you eligible to apply for 4711 and Code S-H1T to qualify for an extra rebate of $1.47 to you co-deductible? Why the fuck is money so complicated there?
What if you have thousands and thousands of transactions? o_OI'm shitting bricks. Literally
>>62780516Jesus fucking Christ, this sounds like a fucking massive headache I’m not looking forward to
>>62780605Anything I buy on goyimbase I transfer to hard wallet immediately, so I have a running spreadsheet on excel of anything I send off exchange and then when I sell certain lots I’ll add the date and sale price to the sheet as well
If everyone ignores it, it's unenforceable. Similar to how marijuana was decriminalized. They have these insane rules making us track our money when they are tracking it the whole time. Fuck them, they can do the work and send me a bill. I'm not doing it.
>>62780516TL;DR come and take it
>>62780581You're too busy filling out forms to realize how you're being fucked
>>62780810>receives a random bill for $1.7M
>>62780516this is how they kill crypto. who wants to deal with this stupid irs goy work? i already stopped staking and liquidity farming because of the other bullshit they added a couple of years ago
>crypto is real money! >death to FIAT!>1BTC = 1BTC>WHAT DO YOU MEAN I HAVE TO DECLARE CRYPTO ASSETS LIKE ANY OTHER ASSET IN THE MARKET??????
i'll assume with "crypto" you mean bitcoin or moneroi put the bulk of my savings into bitcoin to survive the oncoming global financial collapseone or two months of expenses i keep in fiat because somehow the government wants to monitor my grocery purchases500$ i keep in monero for drug purchases
>>62781841In case of global financial collapse I guarantee you your 0s and 1s will be worth less than all the cow dung in India. I'm sure in such scenario people will buy your internet money. Lay down the drugs a bit, dude.
>>62780581Yes. Filing taxes is extremely complicated at every turn. They want you to hore some fat ass who charges you an extra $3000 just to do the bare minimum foling and not save any money.Otherwise it's a full time job to report taxes
>>62780516i put 8n like $5000 in 2015 and bought and traded shitcoins on some now deleyed exchanges like cryptopia in NZ or sonething up through 2021 and i cashed out $2.2MM and just reported $0 cost basis and had no problem. basically paid a bribe to the irs but fuck it who cares
>crypto president>actively makes crypto impossible and tells you to join the army
>>62780581>whyWe have a fake jewish system (and whenever you call it out, people on this board reply angrily to you?) where if you have, say, a few hundred K the government is VERY interested. But someone like elom stealing hundreds of billions? Naw forget about it.It's very obviously designed to fuck over the little guy and privilege the rich who get rich not even really by "owning stuff my grandfather invested in" anymore, but by literally scamming people with fake companies like starlink.
>>62780810You are wrong, they can automatically check electronic records and flag them for future reference. Then if they dont like you they can pull up your files and have a backlog of things to charge you for.
I'm so scared about this. Like I have so many transactions, defi... Am I gonna be raped? Like I've heard if you use one of those services, you put your addresses and it's all automatic? I have ADHD so I really fear doing such tast all by myself. I don't mind paying, I'm not trying to be crooked, but is it that complicated?
>>62780516>Down the track.Why is this summary of US tax procedure written by someone or something who doesn't speak American English?
>>62780581the government actively tries to destroy you if you're young or have a small amount of assets
