Post
Topic
Board Bitcoin Discussion
Re: Time to file tax returns in the USA
by
DaveF
on 12/04/2023, 13:57:42 UTC
only 4 days left to let the irs know about all your crypto sales. and coffee you bought using the lightning network... Huh

You say that like it's a bad thing. I HATE paying taxes, but the rules are the rules. If you don't like them fight to change them don't complain about them.
If I pay you $65 to wash and wax and detail my car you are supposed to declare that as income. If I give you 1 gram of gold (worth about $65) you are still supposed to declare it if you convert it to fiat. If gold goes to $100 a gram and you sell it then you are supposed to declare it at $100. BTC / crypto is no different.

I think it's BS and vote for people who support crypto and send emails to my representatives that don't asking them to take another look at their views.

Yoda: Do Or Do Not There Is No Try
Dave: Stop Complaining And Do.

-Dave