Quote from: dragonmike on August 20, 2019, 06:41:36 PM

Quote from: philipma1957 on August 20, 2019, 11:47:09 AM

Quote from: Stubo on August 20, 2019, 07:38:14 AM

I have seen no mention of this yet so I thought I would bring it up:

https://www.ivymclemore.com/blog

The Bitcoin inventor Satoshi Nakamoto is actually James Caan (James Bilal Khalid Caan):

I mined 980,000 Bitcoins using a remote computer and my laptop in 2009. As Hal Finney explained this in his 2013 Bitcointalk post quite accurately, those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU.

The real news is that the 980,000 BTC is lost forever. I am a bit surprised that news of the loss of 4.67% of the total supply of BTC has had no impact on the price.

Now, it could be worse, Phil. I know your IRS dealings are a PITA but at least you did not lose $19 billion like James did.

We all need proper perspective for sure.

Don't you worry, that's just another scammer.

Quote

bch to btc in 2018 triggers cap gains and reporting

Now now. Are you saying that the IRS is taxing unrealised gains?
Here in the UK, anything you do within cryptoland is considered unrealised, and isn't taxable. You only tax whatever profit you make... when exchanging back to GBP. Not before. And certainly not open positions!

Yep no like kind exchanges other then real estate.

So 10 ltc to 1 bch triggers reporting.

or any coin to any coin triggers reporting. this is as of jan 1 2018. the trump tax laws are directly attacking the exchange of crypto coins for crypto coins. If it was jan 1 2018 and you had 1000 usd and purchased 1000 of any crypto coin and made 1000 trades in 2018 of coin to coin to coin ending up with 1000 in coin on Dec 31 2018 even though you never made any profit for the year and never converted into cash once you purchased the 1000 in coin. you will need to report it all line by line to be in full compliance.

At most I owe under 1000 usd for 2013 to 2018 taxe returns. maybe even due a refunbd of under 1000. I don't give a shit about the $ amount it is the reporting requirements.

Especially since 2018 I am lucky I don't trade much at all.. I hold and or convert to cash . I estimate. I will do a few long reports. And either or get back a little money. But anyone that did lots of coin to coin trading in 2018 or 2019 will be in for a rude awakening if they are USA based.

Note this pc does not access my philipma1957 account so I did my alt to post.