You are viewing a single comment's thread from:
RE: Does anyone have a cryptocurrency tax plan?
How much are they going to get out of me?
short answer: zero
longer answer: I have given it approximately 90 seconds of thought and have determined they will not have enough relevant information regarding my crypto use and I will be offering exactly zero info to them. Thus, I will not pay any taxes on my cryptocurrencies!
Good luck to the rest of you.
Curious what exchange/exchanges you use? Great plan btw ;)
My main purchasing site is coinbase then transfer to bittrex for trading. I am such a small minnow that it wouldn't be worth their time to extort me. There are bigger fish to fry! haha
Im using the same but id like more options cashing out besides coinbase as they are reporting to the man. Cheers, thnx
Open a goldmoney account and send it there. Once you have1k there you can get a debit card and use it like any other one. Well, that's my plan.
Goldmoney acct? Ill have to check that out!
Coinbase also has some of the highest fees. I like the convience though. If I was moving a lot more $$$ I would find another exchange. Same with privacy, if I were more concerned...
You can link coinbase to gdax and avoid fees! Also as far as a private crypto coin VERGE XVG is the way to go. Coinbase will report anything over 20k just fyi. I can tell ya how to avoid fees w gdax if wanted.