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RE: The ONLY Time You Should SELL CRYPTO

in #cryptocurrency • 8 years ago (edited)

LoL. Well listen, I bough Ether at 6 dollars, I sold at 50 because my taxes were high this year for me. So I really needed to sell my Ether by then to pay the IRS. When Ether riched 400 I was like fuck the government XD

8 years ago in #cryptocurrency by
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     8 years ago  

    Ahaha yeah, I also did that at $75. : |

    I hate that I need to report my gains though. What's the point of having decentralized currency if you're still beholden to the government of residency? Haha.

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       8 years ago  

      Well the gains I reported were the ones from my actual jobs, this is my first year trading crypto, I am still trying to figure out if I have to pay taxes next year over my crypto assets or gains...

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       8 years ago  

      assuming that you are in the US, this might help:

      https://www.irs.gov/pub/irs-drop/n-14-21.pdf

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