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Can’t anyone just track transfers to and from wallets based on any transactions that occur tho? Tax man will be able to see what was bought/sold and when and at what price...
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They not care about random blockchains. They care about the balance of your legal income and spending. If they confiscate your computer, they need browser data + your personal files.
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Gonna have to disagree with this one.. if you sell a bunch of your crypto to fiat.. and don’t report it.. you’re going to, at some point have a problem
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Yeah, but that bunch is really a bunch.
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I mean... not necessarily.. at the moment you are audited or any reports are made, every single transaction will be scrutinized.. that’s a fact
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"At the moment you are audited" - thats my point, dont get audited at all :D Basically, people should not use exchanges which asks ID, photo, semen sample, fang of a loli dragon.
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But only for fiat right?
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Only for fiat..... until you go back to fiat... then every transaction is already recorded permanently on the chain and you are liable for all past taxes and penalties if not reported
replied 2050d
At least in the US


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