Replying to Avatar ₿logging₿itcoin

So true. My property taxes cost more than rent I paid for college housing. The state is my landlord. The Credit Union just wants the money they printed back, with interest.
5c
5c077d22... 2y ago

According to the IRS, you can't trade your bitcoin without paying taxes. So now we are just arguing about which one is taxed more.

Reply to this note

Please Login to reply.

Discussion

Avatar
The Daniel 🖖 2y ago

We’re talking about the ability to confiscate.

5c
5c077d22... 2y ago

The IRS can just say you owe them a large some of money if they don't like your transaction history, but assuming don't have any trades then they can't confiscate your net worth.