4 ms·
Yeah my main gripe is that people pretend to misunderstand basic stuff like 10K limits[1] and structuring, when there may be a legitimate gripe that some of the
by dontbenebby 4y ago
Yeah my main gripe is that people pretend to misunderstand basic stuff like 10K limits[1] and structuring, when there may be a legitimate gripe that some of the tax implications of turning crypto into cash or using it as currency, rather than treating it like a pokemon card you bought then resold at a markup.
(If my CURRENCY changes value by 30% I don't pay a tax, the tax is the inflation, because it's currency. But I'm not a CPA, so take what I say with a grain of salt.)
[1] https://en.wikipedia.org/wiki/Bank_Secrecy_Act#Reports https://en.wikipedia.org/wiki/Bank_Secrecy_Act#Reports