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Anyone else watching Bitcoin right now
Shits off the charts right now. It’s at 55,627
And up 7% in 24hrs. Coin is on Follow it but sell dat shit fir cash
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I’ll buy up when it tanks cause it will go back I’m guessing. Yet to lose money other than the obvious fees.
I have alerts on that bitch to tell me when it’s up and down to a particular % that I input.
Cash app allows boost on their cards which one is often 5% back in bitcoin on 3 purchases. They run it often and is free crypto to me.
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Almost a trillion bought up! About 55k! Crazy when I was waiting for it to hit 10k! Lol
Max
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My question with the bitcoin is as far as investing in it how would you go about paying taxes properly on it ?
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Anyone else watching Bitcoin right now
Originally Posted by
beast405
My question with the bitcoin is as far as investing in it how would you go about paying taxes properly on it ?
It walks you right through it when you file taxes
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I didn’t know that I’ve used it for awhile now. But never actually invested bitcoin. Do they send you a tax form at the end of the year or something on certain apps ??
Originally Posted by
kubes
It walks you right through it when you file taxes
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Originally Posted by
kubes
It walks you right through it when you file taxes
Gotta keep track of 2 things
Edit: this was a reply for beast comment not kubes, sorry kubes.
Sale price and profit
Sale price: at what price your coin was sold
Profit: how much you made.
Also you gotta keep track of who bought the bitcoin with their id and a receipt of the bank saying "no bitcoin sales are refundable"
Not too hard to keep track for tax records its just tedious to write down all that info
Sent from my SM-G781U1 using Tapatalk
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Originally Posted by
pompeyo546
Gotta keep track of 2 things
Edit: this was a reply for beast comment not kubes, sorry kubes.
Sale price and profit
Sale price: at what price your coin was sold
Profit: how much you made.
Also you gotta keep track of who bought the bitcoin with their id and a receipt of the bank saying "no bitcoin sales are refundable"
Not too hard to keep track for tax records its just tedious to write down all that info
Sent from my SM-G781U1 using Tapatalk
Does bitcoin do reporting to the fed? I thought it was supposed to be anonymous?
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Its going to 100k buy the end of the simmer or early fall
Get in now !!
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If u use cashapp you get a online form.
Idk about other apps
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