Yeah it is a convenient excuse, but now IRS has their grubby ass hands in it and the major trading platforms will report income gains from it, so it’s harder to lie about it now unfortunately.
Probably not. IRS never even was interested until Bitcoin hit over $10k. They’re always years behind new trends and once they realize they can shake down NEETs like Lou for some shekels they’re all over it. Can’t have some internet loser making millions without mafia style shakedown. “It’d be a shame to go to prison over this virtual currency now wouldn’t it? Just pay us 35% and we’ll call it even.” Unfortunately.
Yeah it is a convenient excuse, but now IRS has their grubby ass hands in it and the major trading platforms will report income gains from it, so it’s harder to lie about it now unfortunately.
Just lil 37 percent tax rate for short term crypto gain Lou made and didn’t pay. Lil treat !!
Probably not. IRS never even was interested until Bitcoin hit over $10k. They’re always years behind new trends and once they realize they can shake down NEETs like Lou for some shekels they’re all over it. Can’t have some internet loser making millions without mafia style shakedown. “It’d be a shame to go to prison over this virtual currency now wouldn’t it? Just pay us 35% and we’ll call it even.” Unfortunately.