Thread: Money Bitcoin Take?
View Single Post
Old 01-05-2018, 03:01 PM   #1181
Jewish Rabbi Jewish Rabbi is offline
What's up braj?
 
Jewish Rabbi's Avatar
 

Join Date: Jun 2008
Location: Placencia, Belize
Casino cash: $-1546750
Quote:
Originally Posted by Taco John View Post
I may be mistaken, but you don't have to pay taxes on your original stake - just capital gains after that.
You are required to report those gains on every trade. You can’t just pull out your original stake and not pay any taxes because all your “profit” is still tied up in crypto.

I am not an accountant, but I am paying my taxes that are due. Uncle Sam will be coming down hard on people who haven’t IMO with the rise in value we’ve seen this year.
Posts: 16,904
Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.Jewish Rabbi is obviously part of the inner Circle.
     Reply With Quote