BTC - Price - $56,843.34
24 Hour % Change- -1.05% -
Market Cap- -$1.06T
Volume (24h) - $61.13B-
https://www.coindesk.com/price/bitcoin
Gold - $1727.
Silver- 25.94
March 7, 2021- ‘They’re laying a trap’: Everything to know about the new Bitcoin tax rules-
“At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?”
“They’re laying the trap,” says Losi. “Then the hammer is going to come down.”
In other words, if you have been dabbling in Bitcoin, you may very well owe some taxes to Uncle Sam.
Cryptocurrency is treated as property, so in general terms, think of it like a stock: If you bought some and still own it, then there has been no taxable event, and you won’t owe anything on the transaction.
However, if you sold some—presumably at a profit, since Bitcoin has soared to levels of over $48,000, as of this writing—then you have realized gains, and those need to be reported.
“If you sold crypto at a profit and that money is going into your bank account, then you owe taxes,” says Ben Weiss, president of CoinFlip, the nation’s largest network of Bitcoin ATMs. “At this point the government is very aware of crypto cashouts, so don’t assume you can get away with it.”
Like other capital gains, they fall into short-term and long-term buckets, and the tax treatment is different. Short-term gains, where the cryptocurrency was held for under a year, are treated as ordinary income, which implies a range of possible rates up to 37%. -
🤠iffin you gonna move down or remain in Ecuador on into 2025, get prepared for whats a coming down the pike🥷🏼its not and has not been just a Coastal & #GYE thang, its also a Sierra & Metro #Quito Thanggy as well👮🏻♂️💰
My 2025 NewYears Resolution is more time out on the La G range, zz style, 🎸🥁🎸 cuzz (imho) we gonna dang sure be a needin it🥷🏼if anybody wants to no longer be an outlaw? Call me to join our Qtowne Quito gun club and get legal to tote with a 55hr CCW Course,
now a days The CCW is pretty much streamlined down to this:
plan on about $300 for to join the gun club,about $200 or up to $300 for the CCW course,about $300 for psyche, psycho and toxico exams,
a 9mm Taurus for say $1200.
a 9mm CZ for say $1500.
aprox $80 to $100 for a box of 50rds 9mm FMJ
i see peeps now a days getting legally armed in about a 3-4 months time frame, kinda like a tuff assed visa process!
'Always be prepared' - BSA & SA,
"When guns are outlawed, only outlaws will have guns" - Louis L'Amour (1908-1988) Western novelist of ...
01NOV26🎒🧳✈️Italy Targets Expats with Exit Tax - https://www.telegraph.co.uk/business/2026/11/01/meloni-targets-italys-wealthy-with-exit-tax/
