Post
Topic
Board Bitcoin Discussion
Re: bitcoin capital gain tax
by
TheGodFather
on 08/12/2017, 02:36:55 UTC
With bitcoin hitting all time high, like to hear what everyone is doing with their taxes for the profits.  Be honest, lets have a open discussion.

I plan to file with irs and pay the capital gain tax. I think it's just a matter of time before coinbase hands over all records to irs anyway, they are fighting for the 2015 and earlier info now, but i am sure 2016/2017 will be easier to get. 

I am fine paying my share of the taxes due, only real concern is irs will use it as an indicator to flag me for audit.  So basically trying to do it right but end up getting screwed.

What is everyone's thoughts and plan? given it's almost tax season.

In our country at oeast no regulation is being made for this and it would act like a separated income into which a tax cannot be applied to it. I think if there is I would be open into filing for it and giving taxes just so i can continue enjoying this