Donating Bitcoin

[Artaenc]

Anyone know if it's possible to donate bitcoin to Project1999? Not sure if it gets taxed if it's a direct transfer.

[magnetaress]

Originally Posted by Artaenc [You must be logged in to view images. Log in or Register.]

Anyone know if it's possible to donate bitcoin to Project1999? Not sure if it gets taxed if it's a direct transfer.

u could always cash it in as USD first

[BlackBellamy]

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.

[Hoppkins_Wytchfinder]

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.

[Sibelia1]

Originally Posted by Hoppkins_Wytchfinder [You must be logged in to view images. Log in or Register.]

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.

I think you missed the point [You must be logged in to view images. Log in or Register.]
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.]

[Baler]

Honestly P99 should setup a way to donate crypto currency.

[Artaenc]

Originally Posted by Baler [You must be logged in to view images. Log in or Register.]

Honestly P99 should setup a way to donate crypto currency.

I built a computer that cost over 10k for games and I'm playing everquest classic with it......damn nostalgia. I can mine bitcoin in the background and send it to a P99 wallet [You must be logged in to view images. Log in or Register.]

[You must be logged in to view images. Log in or Register.]

[You must be logged in to view images. Log in or Register.]

[Sibelia1]

Originally Posted by Artaenc [You must be logged in to view images. Log in or Register.]

I built a computer that cost over 10k for games and I'm playing everquest classic with it......damn nostalgia. I can mine bitcoin in the background and send it to a P99 wallet [You must be logged in to view images. Log in or Register.]

[You must be logged in to view images. Log in or Register.]

[You must be logged in to view images. Log in or Register.]

That's a sweet lookin' box, but I've got better [You must be logged in to view images. Log in or Register.]

[Bigsham]

Originally Posted by BlackBellamy [You must be logged in to view images. Log in or Register.]

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.

You dont have any money or bitcoins idiot

[Bigsham]

Nice pc, but the wear and tear on the machine will exceed what you "Mine" so by doing it you lose money.