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Of course, it's just what I expected since every other reputable investment business does this. However, my concern is less from that and more from the $30. W
by ulkesh 9y ago
Of course, it's just what I expected since every other reputable investment business does this.
However, my concern is less from that and more from the $30. Will they care?
- rrdharan 9y agoIt depends on your definition of “care”. As other comments have noted, you might get a letter. History suggests they would not be likely to attempt to prosecute you for tax evasion. https://www.hrblock.com/tax-center/irs/tax-responsibilities/prision-for-tax-evasion/ https://www.hrblock.com/tax-center/irs/tax-responsibilities/... They do have a limited budget for enforcement and they prioritize accordingly.
- floatingatoll 9y agoThe letters described are for correctable human mistakes that can be detected by math crosschecking and fixed by a letter. If they decide you are trying to avoid paying taxes on Bitcoin, and they decide to be upset about that, they would likely initiate an audit instead of a form letter — the serious, investigator, difficult kind.