Bitcoin Forum

Here is a link
Tax Bills Doom Tax code: 1031 Exchanges Of Crypto-currency
https://www.forbes.com/sites/robertwood/2017/11/27/tax-bills-doom-tax-free-1031-exchanges-of-cryptocurrency/ (https://www.forbes.com/sites/robertwood/2017/11/27/tax-bills-doom-tax-free-1031-exchanges-of-cryptocurrency/)

Also Several Listed countries have decided to DUMP THE DOLLAR FOR CRYPTO-CURRENCIES STARTING  2018

They have signed a multi-lateral  agreement and among the list of DOLLAR DUMPERS are 
Brazil, Iran, Venezuela, Nicaragua, Costa Rica,  Taiwan,  Dominican Republic  &
Haiti,France, Estonia, and more are signing up.The treaty was Drawn Up in secrecy and funneled
through its citizens to avoid detection from certain monopolize states  "Such as US and China"
 Pm me for the articular on the treaty SO YOU CAN SEE WHERE 2018 is going

Lets Please not keep this quiet Because Every Single Trade Done By someone living in the
United States Is Now Taxable Does But If you Live outside the United States your
Safe guarded from this.This is Not Fair to US Citizens

stop beeing a US citizen then,

Taxation is not an attack on bitcoin in sense, a country is within its rights to tax the earnings of their citizens, if they do not like this then they can move somewhere else which is a tax haven. It's a challenge to bitcoin because many use it to avoid taxes but it is not now as if they are being forced to pay something they would not pay otherwise, they are simply paying with many would consider is due.

You make no sense or you are bought and paid for by the gov....
further more Just on the bases of you saying something like that
show's that you know nothing about what it is to be free.Personaly Im
just here to spread the word and jammit through your thick azz skull
this means that the miners now have to pay taxes on every single block they mine
but "WHY DON'T THEY JUST STOP BEING CITIZENS" AHA AHA (BIFF)

thats why you do not vote for someone who doesn't use emails ..daaaaaa

Matter a fact now that I think about it " if they are making you pay taxes on bitcoin that means its an asset Legally" OMG !!!!!!!!!! NOW THAT THE US GOVERNMENT HAS OFFICIALLY ACCEPTED BITCOIN AS AN ASSET THE PRICE HAS TO SKYROCKET and Further more It is that much closer to becoming legal tender!!!

BUY BITCOINS THE UNITED STATES HAS JUST DECLARED IT 1 STEP CLOSER TO BECOMING LEGAL TENDER!!!!!!

taxes are voluntarily

US citizens pay taxes without regional affiliation

you arent forced to have a US citizenship to live in the usa.

regards

Guys, it's not a war a bitcoin.  

First off, "Like kind exchanges" were repealed for every kind of asset except real estate ... stocks, bonds, precious metals, art, collectible cars, baseball cards ... everything.  Cryptos probably were not even an after thought compared to how much in taxes they will rake in just by stocks and bond trades alone.

Secondly, you were always required to pay taxes on profitable crypto trading, "like kind exchanges" only allowed you to delay your taxes until you sold or traded for another type of asset.

Remember, you not paying a tax to hold or trade bitcoin, you are paying a tax on profits.  Profits have ALWAYS been taxable.

Does the US tax legislation implements any burden to non-US tax residents (eg, a US citizen lives in Switzerland)?

I don't know I think i'm going to launch an ICO Religious coin Tax exempted  ;D ;D ;D ;D ;D

If you are a US citizen living abroad you must pay taxes still on your income,gains etc.
Nothing is changed just because you don't live in the country currently.
They claim it's because you enjoy the full privileges of a US citizen still.

You keep saying nothing has changed but it must be that you haven't
read the new tax bill BECAUSE THEY ARE TAXING EVERY SINGLE TRADE COIN TO COIN OR COIN TO FIAT DOES't MATTER
THEY ARE STIFFENING THE ECONOMY

This shows what they fear about the bitcoin's emerging on the world. Many corporates and countries started adopting bitcoin and started new ICO for their own. Taxation on bitcoin traders might be possible cannot able to tax all the people using bitcoin. If they completely involved in bitcoin earning for projects and exchanging with the different bank accounts means they won't do anything to crypto currencies. Russian adoption on upcoming week this will make big changes in the market soon.

I didn't say nothing has changed.
Learn to comprehend, read over what I wrote. Quit being chicken little for a minute and slowly read what I wrote.

At some point taxation was going to happen. More so as the value rises the amount of revenue governments are missing out on will be more noticed.

Ok sorry about that, but this is a very serious thing. Conspiracy theory time This is why the IRS subpoena coin-base...They are taxing the traders hoping to slow down bitcoin at the same time wall st futures make a killin
 because of the lack of trading people horting and the price of bit coin skyrocketing..wall st futures paid  btc at 17,300  
now it skyrockets to 100 K per bitcoin do to lack of trades because of TAX Bill and wall street make a killing so does the gov..
& as usual the little guy gets the shaft!!!

I wonder if we get to pay them the taxes in bitcoin?

I'm down with the war, getting tired of the government anyway  8) 8) 8) ;D ;D ;D

in Germany you although have to pay taxes for every single Tade coin to coin

....

Nice news, OP!

It may be misleading to say "Brazil, Iran, Venezuela, Nicaragua, Costa Rica, Taiwin" and the rest are adopting crypto currencies, though.

In truth, they're not adopting anything other than blockchain. Their versions of crypto are identical to centralized state issued, fiat, currency which can be printed out of thin air. This unlimited printing may contribute towards irresponsible and wasteful spending on the part of states and governments.

Design concepts such as decentralization, limited supply, algorithmic limiting, all of which are defining and potentially best traits of bitcoin. None of these will ever to be included in any state issued "crypto currency".

Taxation is what is coming together with bitcoin's adoption. We will not be able to escape that. Those people who don't like it will have to accept it or go out. I believe that all crypto currencies will be assumed and fall under taxation in the nearly future.

There's nothing problem for the tax, every government need to collect the taxes ino people or every business institution tos sustain the government needs.
In that way i think bitcoin become legal in the whole world.

Aren't we all here? I feel like that was a big reason why most got involved with cryptos anyways and seeing these decisions does not surprise me at all. It will be a constant struggle for the next 5 years until we are all on the same page and stop the fighting.

This is the start for cryptocurrency. Taxing by the US is OK as long as they let crypto be traded in their country. It's better than the alternative where they ban bitcoin because of it's power to replace the dollar.

Forbes? Paywalled.

Your bitch is that the bill didn't EXPAND 1031 to include crypto.

Because it didn't ever have crypto in it.

The IRS had defined crypto currency as "property" which meant that exchange was BARTER, which was taxable.

Any other questions?

US is one of the most greedy countries comes with tax, no way to avoid it unless quit the citizenship. I am also wonderling that how does US regulate anonymous currency like dash/verge?

USA one of the biggest supporters of cryptocurrencies. But ironically the biggest miner of coins is China. I don’t know what is hype about, I haven’t read the story. It is not seemed like the big problem.

Bitcoin has been at war for years and double cross agent Mr S-M from Japan
unleashed CPU Wars when miners compete at counting grains of sand to see
who does it faster.

20,000 miners and only 1,000 are needed and that's over kill just to process
7 transactions a second so yes Intel and big oil are happy with hardware and
energy costs but we are not happy with the fees.

 

There is absolutely nothing you can do about the current situation because from the look of it, it means you are being punished for engaging in bitcoin while I agree that bitcoin should be taxed, but not at the point of trade but at the point of conversion to fiat which is when the profit is really being made because other than that, you might be losing at the end of the day by the time you carried out a trade at the point there is increase in price and you are charged based on that. Maybe the following day you needed to convert to fiat and price drops it then mean you have paid tax on your unearned income which to me is punishment of the highest order.

The only thing I can see a way out is to push for the review of the procedure that this is being done currently and make it more favorable to people but stopping the taxation is what I don't see happening.

not surprising, all countries will tax crypto currency, it seems logical after all, the hardest for governments it will be when we can pay everything in crypto directly

Yes But I dont think they Understood the implications in this because
Now they have to accecpt That Bitcoin is A world currency and this also means
that you can report millions in losses due to the they crypto wallets work???
Also they haven't realized that they have gone publicly against the will of the people
Also I think this means that Dread Pirate Roberts has a whole lot of bitcoins that A
certain branch of the government owns 1440000 bitcoins that pay capital gain  taxes on
because people are watching the f.b.i wallet....DECENTRALIZATION IS THE BEST   :o :o :o :o :o