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Some exchanges want your state ID

Posted on: January 4, 2021 at 10:39:57 CT

zoomer 99

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M.O.B. Votes:

For Know Your Customer reasons. Others are decentralized and don't need anything from you.

Not sure how tax works if getting paid/buying stuff with Bitcoin.

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

tax question on cryptocurrency - meatiger MU - 1/4 10:21:44

be sure to keep immaculate records - Joeboo MU

- 1/4 10:55:14

If that is the case - meatiger MU - 1/4 10:58:35

it's subject to capital gains tax - zoomer 99 - 1/4 10:26:28

RE: it's subject to capital gains tax - *M* KC - 1/4 10:28:58

I am in the planning stages - meatiger MU - 1/4 10:46:44

i was looking for ways to short bitcoin - phrejd MU

- 1/4 12:04:51

For me, it is about the next few years - meatiger MU - 1/4 12:16:24

it will crash (again) and flounder for a few years (again) - phrejd MU

- 1/4 12:20:44

What if you are paid and buy things in bitcoin - meatiger MU - 1/4 10:28:45

If you are paid in bitcoin, then you reconcile the - Joeboo MU

- 1/4 10:57:49

So the government just sees crypto currency as - meatiger MU - 1/4 10:59:41

yes, they are treated as securities for tax purposes (nm) - ashtray UF - 1/4 11:55:09

Some exchanges want your state ID - zoomer 99 - 1/4 10:39:57

Let's see what the experts have to say about it - *M* KC - 1/4 10:26:23

none of those address currency(nm) - meatiger MU - 1/4 10:29:43