Quote from: Re3urst on December 27, 2017, 03:07:36 AM

Quote from: 1bitcoinsnet on December 27, 2017, 02:27:31 AM

Quote from: Re3urst on December 27, 2017, 02:15:44 AM

Quote from: 1bitcoinsnet on December 27, 2017, 02:09:20 AM

Quote from: Pearls Before Swine on December 27, 2017, 01:59:40 AM

I am definitely not a lawyer, but weren't we required to pay taxes on any bitcoin
capital gains anyway? Can you break down what's new in this? I'm sure whatever
IS new is going to be summarily ignored by the bitcoin using masses anyhow.

what changed was the like for like exemption

it's how mega millionaires avoided capital gains for decades

oh you got a nice 10 mil ocean front mansion, I got a picasso let's TRADE

well now 1031 is gone so the I got 1 mil in btc for 1 mil in eth is gone

you move 1 mil in btc into 1 mil in eth, the irs wants 20% NOW on the gains

so you got in btc at mining costs, gear and elect and time, you made maybe millions

you don't cash it out, but merely trade, and now that trade is taxable and you got no cash

all I can say is BINANCE

coinbase will now be crushed by this rule

it's one thing to pay on exit money, but when you have to pay gains on trades, no way

so I guess coinbase is okay to buy coin in, then you move to gdax then you move to binance or whatever and do the trades outside the usa

so now your gains is in china or korea or where ever

you do trades in gdax they are taxable

that's how I see it

you never do anything now on gdax

it will eventually end up with the irs

so the question becomes how do you exit out of the foreign exchanges into fiat

I think the centra card is nice exit to spend gains

but if you plan on using coinbase for exits or trades the irs has you big time

so coinbase will never go public now, 1031 killed the future of coinbase

Hey, do you mind if we catch more about this off of this forum? Shoot me a PM and lets get on an email (and maybe whatsapp) chat. Very interesting.

sorry brother got no free time

and I sure don't want to brag about my crazy rates for 15 min consults

I say my mind here, so read it a few times

I yell at my girl friends when they call me, I multi task all day coding, designing and investing

had a little time over holidays but I don't chat for free, sorry

Who will pay you any significant money for a consult? LoL
Tons of grammar and syntax errors all over your posts.
Work on your humility brother.
Those who actually get a lot of poon and girlfriends, don't brag to anonymous strangers on the internet about it.
Cool

I'd let one of my gfs respond
But her mouth is full of meat
Mine