Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Mad Dawgg
sell the coins slowly and report it on your taxes when you do

Why would you ever report it on your taxes?

41 posted on 02/26/2014 8:46:10 PM PST by PistolPaknMama
[ Post Reply | Private Reply | To 19 | View Replies ]


To: PistolPaknMama

‘cause you’re more likely than not going to have a nice little Form 1099 mailed to the IRS and yourself when you do it unless you do it FTF for cash...


44 posted on 02/26/2014 8:53:12 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
[ Post Reply | Private Reply | To 41 | View Replies ]

To: PistolPaknMama
"Why would you ever report it on your taxes?"

When your net worth steadily climbs over ten million bucks the IRS will eventually take notice.

If you sell to reputable dealer he will keep records.

Selling to anything but will get you noticed by the wrong people who will show up at your house and the ensuing negotiation could end up with you and your family in a shallow grave.

52 posted on 02/26/2014 9:22:18 PM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
[ Post Reply | Private Reply | To 41 | View Replies ]

To: PistolPaknMama

You could trade them for Bitcoins.


54 posted on 02/26/2014 9:24:22 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
[ Post Reply | Private Reply | To 41 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson