Re:Live BTC transactions in Twitter hack
by zembo on Tuesday July 28, 2020 @01:59AM
(#23972739)
You can always cash out "Bitcoin you [allegedly] bought back in 2010", or Monero you mined back in the day so there's no way to even prove its source, and declare that to the IRS. With a cost basis of almost zero, you'll pay long term capital gains tax, 15% or 20%.
BTW when you declare your crypto gains, the IRS not only does not care about the source, there's not even a place on the forms to list the source.
BTW when you declare your crypto gains, the IRS not only does not care about the source, there's not even a place on the forms to list the source.
That might change in the future though.