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Thanks for the context Doubling down on my point, its not like Dogecoin was traded on Robinhood way back then. The self-reporting wouldn't necessarily say whic
by vmception 5y ago
Thanks for the context
Doubling down on my point, its not like Dogecoin was traded on Robinhood way back then. The self-reporting wouldn't necessarily say which specific asset. Are you suggesting if the Feds looked at their tax returns and saw a gain at some point in this person's history they would have left them alone and not said "their income is too low and therefore probable cause."
Also, I factored in the tax reporting aspect when I was deciding whether to write $30 or $50 as the initial capital, if there was a sale for cash it would be reportable when they file taxes in 2022.