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A comment on The IRS collects data on Coinbase account holders. Parent comment

Re:The IRS collects data on Coinbase account holders by hackerman12345 on Friday March 16, 2018 @10:09AM (#16600732)
Why would Joe pay taxes when he didn't make any profit off the 600k?
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Re:The IRS collects data on Coinbase account holders by dragonwriter on Friday March 16, 2018 @10:13AM (#16600762)
He claimed the $600k as a (deductible) business expense; a false deduction has the same effect as concealing taxable income.
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Re:The IRS collects data on Coinbase account holders by hackerman12345 on Friday March 16, 2018 @10:16AM (#16600784)
I see.
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