1. #36
    SharpAngles
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    Quote Originally Posted by Mac4Lyfe View Post
    There's many ways to do this. One quick way is to google "bitcoin atms near me". Then find one that does not require a photo id, phone number or palm print. Another quick way is to convert BTC into gift cards. Most do not require any identification. That's for small amounts. Larger amounts, you need to find an exchanger that does not require ID. Search exchangers that do not require verification. If you buy and sell large amounts of BTC, I would recommend doing it anonymously, out of the US prying eyes. Not that you're doing anything illegally, you just don't want anyone in your business.

    The best way for me is to use an overseas account. Check out several Caribbean islands and take a trip. Some places do not require you to be there in person. Open an account using a pseudo name and ID, don't use your SSN. You can get an account here in the US without ID if you look. Many people have stopped using their SSN's as ID. It is very difficult to trace when using different ID's/numbers. Small transactions over several accounts are much harder to find and safer for you in the long run. You just have to be careful with all the outrageous fees most of these exchanges charge. They get you coming and going.
    Idk man seems like way more work than just paying your fukin taxes

  2. #37
    PaperTrail07
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    its not LOL....its easy......and if you notice....most of the Bitcoin ATMS are in great locations BC they know who and why people are using them LOL...
    Quote Originally Posted by SharpAngles View Post
    Idk man seems like way more work than just paying your fukin taxes

  3. #38
    PaperTrail07
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    You just get a burner phone and give them that #.... If anything they are watching people using the BTC atm to send drug $...no more cash moving...

  4. #39
    Pinoy-T-X
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    Quote Originally Posted by PaperTrail07 View Post
    its not LOL....its easy......and if you notice....most of the Bitcoin ATMS are in great locations BC they know who and why people are using them LOL...
    A couple of btc atms where I reside have freakin video cameras on all angles - wth

  5. #40
    PaperTrail07
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    Wow...not where I live....they are in smoke shops in non-rich areas and in a few gas stations (who DO have cameras).....but I know my city pretty good and the selection of those ATMs is FARRRR from random....
    Quote Originally Posted by Pinoy-T-X View Post
    A couple of btc atms where I reside have freakin video cameras on all angles - wth

  6. #41
    SharpAngles
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    Quote Originally Posted by PaperTrail07 View Post
    Wow...not where I live....they are in smoke shops in non-rich areas and in a few gas stations (who DO have cameras).....but I know my city pretty good and the selection of those ATMs is FARRRR from random....
    My favorite BTC atm is in a donut shop. Last time I withdrew some cash the girl behind the counter was watching me really closely. Pretty sure she’s an undercover IRS agent.

  7. #42
    bonzaii
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    Quote Originally Posted by SharpAngles View Post
    My favorite BTC atm is in a donut shop. Last time I withdrew some cash the girl behind the counter was watching me really closely. Pretty sure she’s an undercover IRS agent.

  8. #43
    PaperTrail07
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    LOL.... Higher chance of the cartel owning the donut shop all together LOL...

    None of what I say has any truth at all.....just joking around here

  9. #44
    Pinoy-T-X
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    Quote Originally Posted by PaperTrail07 View Post
    LOL.... Higher chance of the cartel owning the donut shop all together LOL...

    None of what I say has any truth at all.....just joking around here
    I won't be surprised if that was true.
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  10. #45
    TheMoneyShot
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    Quote Originally Posted by bitcoinLuke View Post
    I can tell you one thing......its not the guy who says "Bitcoin will never reach $5,000 again"
    Why are you even here at SBR? Do you know anything about sports??? Or are you just a wannabe investor?

    Like I said... these HEAVY HITTERS would make you look like you're operating a nursery.

    The reason why I said 5,000 in the first place... this world is so rigged... once the govt figures out a logical way to deflate Bitcoin... they will. It's a matter of time. There are no FREE RIDES IN LIFE.

  11. #46
    PaperTrail07
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    F yes there is-you just don't hear about them.....BTC has a higher chance of hitting 25K than 1K at this point....BTC is the future
    Quote Originally Posted by TheMoneyShot View Post
    Why are you even here at SBR? Do you know anything about sports??? Or are you just a wannabe investor?

    Like I said... these HEAVY HITTERS would make you look like you're operating a nursery.

    The reason why I said 5,000 in the first place... this world is so rigged... once the govt figures out a logical way to deflate Bitcoin... they will. It's a matter of time. There are no FREE RIDES IN LIFE.
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  12. #47
    jjgold
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    all good things come to an end

    Coins going to be strictly regulated eventually

  13. #48
    PaperTrail07
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    The rumor mill has it that AMAZON will be accepting BTC in less than a WEEK......this will set it in stone boys....Overstock already has so had to figure it was not FAR behind.....ANYONE w info on this?

  14. #49
    PaperTrail07
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    Coul fuckn double the price instantly IMO...

  15. #50
    PaperTrail07
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    possibly tomorrow as the reddit chatter moves along...

  16. #51
    milwaukee mike
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  17. #52
    Mac4Lyfe
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    Quote Originally Posted by SharpAngles View Post
    Idk man seems like way more work than just paying your fukin taxes
    Not a lot of work at all. I'm not talking about avoiding taxes or doing anything nefarious. I'm talking about our civil liberties which is in jeopardy every day. Wasn't this country founded by people who did not want government controlling our lives, especially our money? Why should I disclose to anyone when I buy a house, car or pizza? It is not the governments business what the hell I do with my money? We are all sheep. We've let the government in on our lives and rolled over like sheep. This is far from what our forefathers envisioned. We are tracked like cattle. Anyone can know where you are and where you're going. It's awful.

    If I buy BTC at $5k and it grows to $10k in the next few months. Should I have to pay $5k in capital gains? Why? What if BTC goes to zero? Will the IRS give me $5k? Absolutely not. Fukking double standard. I do not want anyone, least of all the government knowing or managing my money. Hell no.
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  18. #53
    lonegambler23
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    their huntin biggies

  19. #54
    stevenash
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    Quote Originally Posted by bonzaii View Post
    I'm getting a little off topic here but do you know the real reason why there was a revolution in this country about 250 years ago? It had very little to do with taxes which is what you are taught when you go through school. It was because the King of England made it illegal for the colonists at the time to continue to use their own currency.


    Again, they don't teach this to you in school, and I think it's pretty obvious why they don't
    Also if you said boo about the throne you were locked up for a long time.

  20. #55
    MeanPeopleSuck
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    I've been preaching "Fear the IRS" my entire time at SBR, but people people prefer to stick their heads in the sand:

    1. Coinbase is literally the WORST exchange on earth to leave records at, as it's the direct defendant in the IRS' lawsuit.

    2. The $20,000 so-called exemption is just a choice made by the AUSA. It's a common prosecutors' tool called sampling. As soon as the large accounts are shown to be not paying taxes on their crypto profits -- and they will be -- the prosecutors will simply return to the federal court and say basically, "Wow, tons of tax cheats. Turns out we're going to need every record for every transaction for all your clients for every year."

    Then they'll distribute your tax bill, plus 18% interest, plus a late payment penalty, plus you'll forever be moved into the high risk tax returners files which will raise your chances of future audits by 20,000% -- that's NOT a misprint.

    3. Crypto isn't considered a security for tax purposes. It's considered property, which means you can only write off $3,000 in losses per year against your gains: the rest of the losses get rolled forward. So, if, say, you made trades this year that netted you $5,000 in profits and trades that netted you $5,000 in losses, you might think you owe no taxes because you "broke even." You'd be wrong: you owe capital gains tax (probably 15%) on $2,000, plus the same penalties as above: 18% interest from the date owed, plus penalties, plus you'll be permanently placed in the high risk tax returners file, which will raise your chances of being audited in the future by + 20,000%.

    4. As that article mentions, Chainalysis is to be feared. They're former privacy minded BTC people who sold out to the dark side for a huge amount of tax payers' money. I've previously called them "soulless scumbags" and "sleazy sellouts": https://www.sportsbookreview.com/for...l#post27208010

    I stand behind that assessment.

    If anyone's interested in how to avoid all this, pm me, as SBR frowns upon some of the things necessary to keep yourself safe.
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  21. #56
    Mac4Lyfe
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    Quote Originally Posted by MeanPeopleSuck View Post
    3. Crypto isn't considered a security for tax purposes. It's considered property, which means you can only write off $3,000 in losses per year against your gains: the rest of the losses get rolled forward. So, if, say, you made trades this year that netted you $5,000 in profits and trades that netted you $5,000 in losses, you might think you owe no taxes because you "broke even." You'd be wrong: you owe capital gains tax (probably 15%) on $2,000, plus the same penalties as above: 18% interest from the date owed, plus penalties, plus you'll be permanently placed in the high risk tax returners file, which will raise your chances of being audited in the future by + 20,000%.
    Now that is sick. I thought BTC could be classified like a precious metal where you would only pay taxes if you made a profit. If there's a $3k write off limit then that is crazy pants.

  22. #57
    MeanPeopleSuck
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    Quote Originally Posted by Mac4Lyfe View Post
    I agree that you should not deposit or withdraw from a US account into a bitcoin exchange. The US account will always get tracked. Withdraw cash then move that into an exchange. Then get cash when you need it from the exchange.

    But, you should be okay if all you do is withdraw money from a US account. The IRS cannot prove that you made a profit if they don't see money coming back into the account.You can always put the same amount of money you withdrew in the account and tell the IRS that you broke even. They could easily assume how much you made with the increase in BTC price but they have no way of proving it. That is the beauty of BTC. NO ONE can trace it if you are smart. You and I can transfer thousands of dollars without anyone knowing the better. Shouldn't it be that way anyway? Why the hell must I let the banks or government know what I do with my money? That's bullshit. The IRS basically double taxes people in many instances which is shitty. Why must big brother watch us in everything we do? This basic freedom is why BTC is going to keep growing.
    That's a really good start, and a good post, but you're underestimating how easy it is for BTC to be tracked. Every transaction on the Blockchain is public record, so tracking BTC to and from every address you've ever used -- akin to code breakers' "frequency analysis" and happily performed by the demonspawn at Chainalysis -- will usually, at some point, connect the trackers to an account you've got your name on (like Coinbase), which is very easy to subpoena for the IRS.

    Once they connect your name to BTC in any account, they can follow every transaction into and out of that account -- like an expanding web -- believing, rightly, that if you own one of the accounts, you probably own lots of them.

    So, what can you do?

    1. You should be trading ONLY in accounts that don't have your name on them. You only need your name on one account: Bitstamp, where you send your fiat deposits, then buy BTC, then move that BTC to your first anonymous account while destroying the trail behind you. After Bitstamp, you should never associate your name with another account, period. You should also hide your IP address behind a VPN.

    2. Every account beyond Bitstamp should be anonymous: you can open anonymous accounts at Bitfinex, Kraken, Bittrex, Poloniex, WhaleClub and many other exchanges. In addition to exchanges, all private wallets that you download never have to have your name associated with them: Electrum and Bitpay wallets are my favorite.

    3. Once you get a nice list of wallets/exchanges opened, it's just a matter of drawing up a path that makes creates an unfollowable trail. The way to do that is to hustle it into and out of many different exchanges and wallets, and, importantly, change its form many times, while making sure at least two of the hops are in crypto designed to be ultra anonymous: ZCash (ZEC), DASH, or Monero (XMR).

    4. Never reuse an address. Use an address once, then regenerate a new one. Almost every exchange allows at least one new BTC address to be generated per day. Poloniex is the exception, which is why I always start there.

    Here's a real world example that I used last week:

    This sounds hard when you write it out, but it can be done for very close to free (BTC is by far the most expensive crypto to send) in just a couple of hours:

    1. I sent my 'dirty' BTC (BTC from a sportsbook or profits from a trade or BTC from Bitstamp, the only exchange with my real name) to my Poloniex acct. My Polo account and every account below here are either anonymous or associated with a name that's not mine.
    2. At Polo, I bought Monero (XMR), then sent that Monero to my Kraken account.
    3. At Kraken, I sold Monero for BTC, then sent the BTC to a new Bitpay wallet (each download of Bitpay wallet software allows for 12 new wallets, each of which I only use once).
    4. From Bitpay, I sent the BTC to my Bittrex account
    5. At Bittrex I bought ZCash, then sent the Zcash to Bitfinex.
    6. At Bitfinex I sold the ZCash for BTC, then sent the BTC to a newly downloaded Electrum account.

    That BTC is completely clean: anonymous, untraceable, unfindable and untaxable.
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  23. #58
    Mac4Lyfe
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    Quote Originally Posted by MeanPeopleSuck View Post
    So, what can you do?

    1. You should be trading ONLY in accounts that don't have your name on them. You only need your name on one account: Bitstamp, where you send your fiat deposits, then buy BTC, then move that BTC to your first anonymous account while destroying the trail behind you. After Bitstamp, you should never associate your name with another account, period. You should also hide your IP address behind a VPN.
    This is what I've done. I have named accounts in Coinbase and Bitstamp. I have several anonymous accounts and always behind a VPN.
    2. Every account beyond Bitstamp should be anonymous: you can open anonymous accounts at Bitfinex, Kraken, Bittrex, Poloniex, WhaleClub and many other exchanges. In addition to exchanges, all private wallets that you download never have to have your name associated with them: Electrum and Bitpay wallets are my favorite.
    I have all of these anonymous.
    3. Once you get a nice list of wallets/exchanges opened, it's just a matter of drawing up a path that makes creates an unfollowable trail. The way to do that is to hustle it into and out of many different exchanges and wallets, and, importantly, change its form many times, while making sure at least two of the hops are in crypto designed to be ultra anonymous: ZCash (ZEC), DASH, or Monero (XMR).
    This is the part I haven't done much of as I'm just investing and not looking to cash out anytime soon. This is what I've done and good to see the same train of thought. Good stuff.
    4. Never reuse an address. Use an address once, then regenerate a new one. Almost every exchange allows at least one new BTC address to be generated per day. Poloniex is the exception, which is why I always start there.
    Yep...

    Here's a real world example that I used last week:

    This sounds hard when you write it out, but it can be done for very close to free (BTC is by far the most expensive crypto to send) in just a couple of hours:

    1. I sent my 'dirty' BTC (BTC from a sportsbook or profits from a trade or BTC from Bitstamp, the only exchange with my real name) to my Poloniex acct. My Polo account and every account below here are either anonymous or associated with a name that's not mine.
    2. At Polo, I bought Monero (XMR), then sent that Monero to my Kraken account.
    3. At Kraken, I sold Monero for BTC, then sent the BTC to a new Bitpay wallet (each download of Bitpay wallet software allows for 12 new wallets, each of which I only use once).
    4. From Bitpay, I sent the BTC to my Bittrex account
    5. At Bittrex I bought ZCash, then sent the Zcash to Bitfinex.
    6. At Bitfinex I sold the ZCash for BTC, then sent the BTC to a newly downloaded Electrum account.

    That BTC is completely clean: anonymous, untraceable, unfindable and untaxable.

    This is valuable information right here. Good shit.
    This above should be stickied. It really should be required reading for anyone buying BTC's.

  24. #59
    Mac4Lyfe
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    MPS - Why do step #2? and #5? Why 2 hops? Could you do just one or the other? Or just covering your bases? Also, do you keep the amounts under a certain value?

    Thanks in advance.

  25. #60
    jjgold
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    Tremendous information here but if you’re just a small bit coin guy meaning under $10,000 transactions I don’t think you have to worry

  26. #61
    Mac4Lyfe
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    Quote Originally Posted by jjgold View Post
    Tremendous information here but if you’re just a small bit coin guy meaning under $10,000 transactions I don’t think you have to worry
    Yeah, I don't think the IRS has enough folks savvy enough to follow the trails. They have a hell of a time keeping up with all the paper trails. I'm sure once BTC becomes more household name, and they see billions of dollars changing hands, they will then try to get a piece of it. By then, BTC will be $100k and a lot more stable anyway where you won't see staggering capital gains.

  27. #62
    jjgold
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    They want big times looking to hide money

  28. #63
    Legions36
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    What happens if u have already used coinbase for a few years already? Doesn’t look like u can go back now? Do u wait for the full answer or just come clean now to cover yourself, hire a pro and pay them? Going forward this info here seems good. I’ve been done with coinbase for some time now but I do remember getting shutdown asking about this...I would prefer to just pay what is owed since it looks better now and u could say some excuse. How come some guys say that they won’t bother the small timers, won’t they just take the money out of your bank if u owe them even a few thousand?

  29. #64
    thechaoz
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    Bit coin can't be regulated by definition

  30. #65
    5mike5
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    Quote Originally Posted by jjgold View Post
    They want big times looking to hide money
    exactly

    and doubtful anything comes of this

  31. #66
    Pinoy-T-X
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    In my opinion, I don't think it's a person who will do the tracking per se . But a software who can identify IP addresses, btc addresses , QR codes, etc etc - if that makes any sense.
    Last edited by Pinoy-T-X; 10-25-17 at 11:56 PM.

  32. #67
    TheMoneyShot
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    Quote Originally Posted by Legions36 View Post
    What happens if u have already used coinbase for a few years already? Doesn’t look like u can go back now? Do u wait for the full answer or just come clean now to cover yourself, hire a pro and pay them? Going forward this info here seems good. I’ve been done with coinbase for some time now but I do remember getting shutdown asking about this...I would prefer to just pay what is owed since it looks better now and u could say some excuse. How come some guys say that they won’t bother the small timers, won’t they just take the money out of your bank if u owe them even a few thousand?
    A couple things to consider... did you do mostly buying or selling with the coinbase acct or BOTH? I never sold using Coinbase. Perhaps there's a few posters out there... who consistently sold with a particular acct and purchased with another?

    As for tax advice... you might want to hire a professional. But in my opinion... once you start paying taxes on gains from 2 or 3 years back... from already filed returns... it usually automatically opens up an audit from several years back. Which means more money out of your pocket for a legal defense. CPA hourly... and an attorney isn't cheap.

    Once the IRS claims you owe them money... you'll be sent a notice. Typically the amount due and interest... They will give you time to pay it...

    They can't go directly into a bnk acct and take it. They will warn you 2 or 3 times. Then, they will get a court judgement against you. Either put a lien on property and/or show documents to the bnk... and the bnk must comply. Then the bnk charges you an additional $100-$200 for doing this procedure.

    Why most people say they won't touch small timers? My opinion is this.... it's how aggressive someone plays hardball with you. Typically, you have to estimate how much time an agent has to spend on your case. Is it worth it? They must prove all of your errors involved. Is it black on white? Is it that easy to discover? You would know your case more than anyone... you know the amount involved. If you think of it... and it worries you... then you better do something about it. I don't worry about stuff like that.... what about the other 1,000,000+ bitcoin traders that supposedly had a gain? You know how hard it would be to convict 1,000,000+ people of supposed tax evasion?

    They would first look at the highest gains that is easily detected and can be prosecuted 100% without any doubt.
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  33. #68
    Legions36
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    Quote Originally Posted by TheMoneyShot View Post
    A couple things to consider... did you do mostly buying or selling with the coinbase acct or BOTH? I never sold using Coinbase. Perhaps there's a few posters out there... who consistently sold with a particular acct and purchased with another?

    As for tax advice... you might want to hire a professional. But in my opinion... once you start paying taxes on gains from 2 or 3 years back... from already filed returns... it usually automatically opens up an audit from several years back. Which means more money out of your pocket for a legal defense. CPA hourly... and an attorney isn't cheap.

    Once the IRS claims you owe them money... you'll be sent a notice. Typically the amount due and interest... They will give you time to pay it...

    They can't go directly into a bnk acct and take it. They will warn you 2 or 3 times. Then, they will get a court judgement against you. Either put a lien on property and/or show documents to the bnk... and the bnk must comply. Then the bnk charges you an additional $100-$200 for doing this procedure.

    Why most people say they won't touch small timers? My opinion is this.... it's how aggressive someone plays hardball with you. Typically, you have to estimate how much time an agent has to spend on your case. Is it worth it? They must prove all of your errors involved. Is it black on white? Is it that easy to discover? You would know your case more than anyone... you know the amount involved. If you think of it... and it worries you... then you better do something about it. I don't worry about stuff like that.... what about the other 1,000,000+ bitcoin traders that supposedly had a gain? You know how hard it would be to convict 1,000,000+ people of supposed tax evasion?

    They would first look at the highest gains that is easily detected and can be prosecuted 100% without any doubt.
    Originally i only used it to just to buy when i started, which i tried to keep it that way. There were times where i needed the $ so i had to sell back to my bank. I don't fall into some big time area but after looking through my history and if they use the 20k rule of total amount per type of transaction for the year then only 2016 seems to just past it. I never used 20k in one single transaction, not even close and this is what everyone thought that's what they meant. On paper I don't own much, only a car worth 5k, but i have been gambling for some time here. Can't say I have really done anything to be even looked at but given the ratio of people who reported from coinbase of like 800 users to the millions of users, this should scare most of the people who did transactions there. Im just looking to do the right thing, there taking a hobby of mine and looking to twist it which is bs.

  34. #69
    milwaukee mike
    milwaukee mike's Avatar SBR PRO
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    Quote Originally Posted by MeanPeopleSuck View Post
    I've been preaching "Fear the IRS" my entire time at SBR, but people people prefer to stick their heads in the sand:

    1. Coinbase is literally the WORST exchange on earth to leave records at, as it's the direct defendant in the IRS' lawsuit.

    2. The $20,000 so-called exemption is just a choice made by the AUSA. It's a common prosecutors' tool called sampling. As soon as the large accounts are shown to be not paying taxes on their crypto profits -- and they will be -- the prosecutors will simply return to the federal court and say basically, "Wow, tons of tax cheats. Turns out we're going to need every record for every transaction for all your clients for every year."

    Then they'll distribute your tax bill, plus 18% interest, plus a late payment penalty, plus you'll forever be moved into the high risk tax returners files which will raise your chances of future audits by 20,000% -- that's NOT a misprint.

    3. Crypto isn't considered a security for tax purposes. It's considered property, which means you can only write off $3,000 in losses per year against your gains: the rest of the losses get rolled forward. So, if, say, you made trades this year that netted you $5,000 in profits and trades that netted you $5,000 in losses, you might think you owe no taxes because you "broke even." You'd be wrong: you owe capital gains tax (probably 15%) on $2,000, plus the same penalties as above: 18% interest from the date owed, plus penalties, plus you'll be permanently placed in the high risk tax returners file, which will raise your chances of being audited in the future by + 20,000%.

    4. As that article mentions, Chainalysis is to be feared. They're former privacy minded BTC people who sold out to the dark side for a huge amount of tax payers' money. I've previously called them "soulless scumbags" and "sleazy sellouts": https://www.sportsbookreview.com/for...l#post27208010

    I stand behind that assessment.

    If anyone's interested in how to avoid all this, pm me, as SBR frowns upon some of the things necessary to keep yourself safe.
    #3 is totally wrong, you net out all capital gains/losses on schedule D... if there is a NET LOSS, then that is limited to $3000/year and the rest carries forward to future years, to be used against future gains or keep taking the $3000/year loss
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: mrpapageorgio

  35. #70
    PaperTrail07
    MMA is the most pure sport
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    Another thought of mine was to just get a Bitpay card in randoms/name.....homeless guy ect.....if your just pulling cash off it, the name on it means nothing.... Track and Prosecute AWAY boys LOL....

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