Thread: Money Bitcoin Take?
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Old 01-05-2018, 03:42 PM   #1182
BWillie BWillie is offline
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Join Date: Apr 2006
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Quote:
Originally Posted by Jewish Rabbi View Post
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.
One of the reasons I mainly just hodl. Too much work otherwise.
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