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SamuelHayden 12/06/17 2:36:25 PM #1: |
By bitcoin people I mean people who have actually invested.
So how does this work tax wise? Like, you're making gains (it just hit 13k). Do you get taxed when you 'cash out'? Or do you have to pay tax right now because its value went up? Who will issue you a tax form? ... Copied to Clipboard!
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Master_Bass 12/06/17 2:38:44 PM #2: |
You get taxed capital gains when you cash out. You don't have to pay anything until then.
You also have to pay taxes if you buy anything with your Bitcoin or trade in Bitcoin for another cryptocurriency. --- Many Bothans died to bring you this post. ... Copied to Clipboard!
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Ballstopshere 12/06/17 2:42:26 PM #3: |
Master_Bass posted...
trade in Bitcoin for another cryptocurriency. WHAT?! ... Copied to Clipboard!
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ModLogic 12/06/17 2:43:29 PM #4: |
bytecoins
--- ... Copied to Clipboard!
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BlazinBlue88 12/06/17 2:44:22 PM #5: |
Read the convo Clear and I had inthis tpic around post #125.
https://www.gamefaqs.com/boards/400-current-events/76039436 --- ... Copied to Clipboard!
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SamuelHayden 12/06/17 2:44:38 PM #6: |
Master_Bass posted...
You get taxed capital gains when you cash out. You don't have to pay anything until then. thanks man. I've been thinking on investing but don't want to complicate my life lol ... Copied to Clipboard!
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thelovefist 12/06/17 2:45:10 PM #7: |
Why were you Warned ROD
--- N/A ... Copied to Clipboard!
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SamuelHayden 12/06/17 2:54:14 PM #8: |
Master_Bass posted...
You get taxed capital gains when you cash out. You don't have to pay anything until then. on second thought... how would I do this? Would somebody (e.g. the wallet company) send me a form? ... Copied to Clipboard!
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