Post
Topic
Board Altcoin Discussion
Re: Crypto Talk (Website)
by
CRYPT0_KING
on 01/05/2019, 01:37:22 UTC
(To Our Discord Members)

I am seeing some here have no clue about how to pay taxes or when to pay them in the USA. When you make a purchase in Crypto and go to sell to BTC you must pay tax at that moment before you can rebuy in lower. No ifs, ands, or buts! Period! If you hold long over 1 year you only have to pay 15% tax instead of 22-24% tax rate (USA). If you guys are day trading and not paying tax I hate to be you. Coinbase is lowering its reporting to IRS to 12,000$ Wether you purchased or sold 12,000$ BTC! It does not matter if your converting to FIAT, BTC, or Other form of crypto!