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Donating Bitcoin
Anyone know if it's possible to donate bitcoin to Project1999? Not sure if it gets taxed if it's a direct transfer.
__________________
https://www.asgardguild.net Whoever wields this hammer, if he be worthy, shall possess the power of Thor! -Odin
https://www.twitch.tv/artaenc I stream other games on here also like Monster Hunter World Guild Leader of <Asgard> The home of the gods! Lightyear/Artah | ||
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#2
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#3
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Man I traded so much "coins" last year and then dumped it all before it turned sour and had all these capital gains and then I was like do I tell the IRS anything and then I was like nah they're very disorganized how are they going to know I'm trading on this Taiwanese exchange and depositing stuff into a Cypriot bank that then transfers it to the First International Bank of Israel because when I fill out my taxes and they ask if I have any international bank accounts I just say no I don't because where that money eventually winds up is not technically a bank and besides anyway if you know the IRS they just send you a bill plus interest and then you go oh noes and they're like that's ok you can just pay a portion of it which winds up being less than the actual tax in the first place so if you take that tax money you should have paid and you put that into an interest-bearing account you can just wait for them to offer you a compromise and then you pay the due and still have money left over.
Anyway to recap: You don't have to pay taxes on any "bitcoins" or whatever. | ||
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In the US now in every state, you do have to report not just the USD capital gains, but the ownership of crypto or virtual currencies ever since the tax reporting year of 2019 (of 2018) | |||
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You do here. They are liable for capital gains tax AFAIK. Had a friend who traded a bunch, got taxed out the ass for em.
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i didnt pay no tax neither [You must be logged in to view images. Log in or Register.][You must be logged in to view images. Log in or Register.] | |||
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#9
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[You must be logged in to view images. Log in or Register.] [You must be logged in to view images. Log in or Register.]
__________________
https://www.asgardguild.net Whoever wields this hammer, if he be worthy, shall possess the power of Thor! -Odin
https://www.twitch.tv/artaenc I stream other games on here also like Monster Hunter World Guild Leader of <Asgard> The home of the gods! Lightyear/Artah | |||
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