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Maybe off topic: is it fine to publicly say that you have $3.6M in bitcoin using a profile name that exposes who you are in real life? Wouldn’t the IRS (or loca

• petesergeant 4y ago
  Assuming you’re not committing tax fraud, you’ve already told the local tax authority whatever you’re required to about it. Not an accountant, but in many places then unless it’s income generating, you may not need to declare it until you actually sell it / convert it / use it.
• creatonez 4y ago
  As of 2021 the IRS asks about cryptocurrency assets, so anyone who screws this up and lies to the IRS is already under threat of perjury.
• gruez 4y ago
  >Wouldn’t the IRS (or local equivalent) come to knock your door and ask for taxes on that money? Not sure about other countries, but at least in the US any gains on crypto is only taxable after you've sold (or transacted with) it. Given that he just got his bitcoin stolen, my guess is that he hasn't sold yet, and therefore doesn't owe any taxes yet.
  • usrusr 4y ago
    So we can add another possible explanation to the list: it could all be theatre in preparation of selling in the unregistered way?
• tgsovlerkhgsel 4y ago
  It's particularly fine to say it publicly when you're going to try to get a write-off for the loss...