Ninjastic
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Re: Deadline of tax payment in America is coming. Will the bull market appear again?
by
cellard
on 19/04/2018, 02:32:12 UTC
Quote from: alyssa85 on April 18, 2018, 12:45:15 PM
Quote from: exstasie on April 18, 2018, 08:39:29 AM
Quote from: MiladMax on April 18, 2018, 07:58:08 AM
when is it??

The deadline is already past. It was yesterday (April 17th).

In fact, to comfortably have covered payments by yesterday, you'd have to have sold 1+ weeks ago. That lines up pretty well with that bottom in the low $6,000s. Quite a coincidence. Smiley

You realise that not everyone leaves this stuff to the last minute, right? Some will have sold in Jan in anticipation of paying taxes.


There are a lot of people that has no idea they owe taxes to the IRS, specially all these new kids that got in in the last FOMO cycle. They heard that "bitcoin is anonymous" while buying bitcoin in Coinbase, ridiculous. Then they get surprised when they receive a letter from the IRS.

Also you are supposed to let them know that you own X amount of BTC, even if you don't sell. Some people think that you can have millions worth of BTC without declaring it to the IRS until you sell. I think this is the case with the IRS and other jurisdictions. Honestly taxes with BTC is a big mess. If you ever used Coinbase you better be ready.