Chat archive · 2018-01

Morning

4 cents!

@AppleMiner : </strong> OUCH!

4 cents on krone all night?

block

Monoeci payments not received, even though its showing payment made

curious about the skinny on the 1099 submission. Is Steve going to hold payout until the user submits?

Also, how do I get a cool avatar like AppleMiner? - was thinking maybe a Kiwi or Mangosteen or maybe a Dragon Eye

hi

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WTF

Question

You do not get paid for blocks found when doing PPS correct?

Only when solo?

Ah okay

@AppleMiner : </strong> You do seem to get that question alot, hun?

@AppleMiner : </strong> I have a question that I haven’t seen on the forum yet, about the IRS.

If the IRS is going to tax Coinbase account withdrawls as if they are capital gains, how will they determine the difference beetween income generated from a mining machine, and true capital gains made from investing in Crypto Coins?

oh wow!

yeah, mining has overhead, just like a business

sounds complicatred

It’s a sham...e , I posted a ticket on 18/Dec/17 6:40 PM fora missing $50 cash payout to coinbase. I have yet to receive the $50 and am waiting support. They did egnoledge it and said they would look into it further. However I pulled 10 miners from the pool until I get my $50 bucks back. I see the earning are up and the it is drawing me back but...

so you owe taxes before you even cash it out from Coinbase?

Why the hell do we have to pay taxes? This is crypto.

BS

Freaking US govt crooks

that kind of policy is going to make miners seek out pools that don’t report to the IRS

Overseas pools on a proxy perhaps?

Well, glad you’re still on this chatroom

are you comfortable recommending any of those pools?

@AppleMiner : </strong> That sounds fair

@AppleMiner : </strong> are you comfortable recommending any of those pools?

less electric

AppleMiner wrote: but the IRS doesnt care if you sell it, lose it, or had it stolen on an exhcnage

Are you sure about that? I file self employed and have several businesses. There is always a line item if needed for theft or loss.

well I know they don’t "care" but there is always a way to add a loss

I am talking about Theft mostly.

@AppleMiner : </strong> they must have some database, tracking the value of all the coins on a daily or hourly basis in order to calculate what to tax you.

Has anyone filed bit profits yet? I used to do day trading many years ago and had to enter each and every trade in and out. etrade etc does it for you now but I cant imagine the 1000+ page tax report for a years worth of earnings. insane

hmmm. what if you move it off coinbase to, a hardware wallet?

You don.t prove anything unless audited, you just file what the facts are and the monster eats it.

I hear ya, not looking to get screwed for evasion but the loss I am concerned with was a theft for a purchased miner through ali scam ba. is well documented.

@AppleMiner : </strong> Yeah, so then we’d need someone offshore that does the same thing Coinbase does...