Bitcoin-based online gambling

Boner_18

New Member
Since
Oct 5, 2010
Messages
4,852
That's a bunch of how to win a Facebook argument 101 bullshit and while (I assume) most of it is correct it's all irrelevant.
 

IAG

R.E.M. enthusiast
Since
Apr 9, 2010
Messages
12,439
That's a bunch of how to win a Facebook argument 101 bullshit and while (I assume) most of it is correct it's all irrelevant.
Not sure what you are saying here.
 

reno cool

leave well enough alone
Since
Jan 29, 2010
Messages
19,480
I noticed on the tax form there's a question asking if you bought any crypto in 2020. All of mine was bought maybe 2018.
:coolingoff:
I figure I'm in the clear for whatever they're getting at
 

Tron

New Member
Since
Jan 28, 2010
Messages
24,875
I noticed on the tax form there's a question asking if you bought any crypto in 2020. All of mine was bought maybe 2018.
:coolingoff:
I figure I'm in the clear for whatever they're getting at
You’re good as long as you didn’t profit take, right?
 

IAG

R.E.M. enthusiast
Since
Apr 9, 2010
Messages
12,439
If you have done anything with it like( sold at gain or loss, ) exchanged for another crypto. funded a book, or even bought a cup of coffee with it, you are supposed to create the taxable event. If you have just held since 2018. then just mark the “no” box and move on. But the IRS is not playing anymore. I’ve read a lot about this the last few years, but here is something I just read recently...

 

roguejuror

south china sea
Since
Jan 24, 2010
Messages
58,184
You’re good as long as you didn’t profit take, right?

Not only, spending also must be reported. When you purchased something with bitcoin has the price risen since you acquired the bitcoins? If yes that must be reported.
 

Tron

New Member
Since
Jan 28, 2010
Messages
24,875
47AD71A9-6DCF-47F3-A7D1-EEB5545C9374.png
 

mcbaseball10

Outnumbered
Since
Jan 27, 2010
Messages
6,801
Does freefall still post here? Whenever I see bitcoin I think of this thread. Hope it's made some of you filthy rich. Do we have any bitcoin millionaires that have sold at the top?