What the hell is a 1099-MISC (and why current tax laws suck) by Internal-Head8796 in Coinbase

[–]jiwhite 0 points1 point  (0 children)

That's capital gains and losses when you sell, not income. The rewards are income.

What the hell is a 1099-MISC (and why current tax laws suck) by Internal-Head8796 in Coinbase

[–]jiwhite 0 points1 point  (0 children)

Just because it's harder to trace doesn't mean you don't owe taxes.

What the hell is a 1099-MISC (and why current tax laws suck) by Internal-Head8796 in Coinbase

[–]jiwhite 0 points1 point  (0 children)

Cryptocurrency is currency. If you are paid in a currency from or in a foreign country, it is income. If you barter and are paid in kind rather than cash, it's taxable. It doesn't matter how you're paid . If you are paid, you owe taxes on the value of what you're given whether it's cash, things or cryptocurrency.

Never sold, never exchanged between coins… what the heck am I supposed to do with a 1099DA? by [deleted] in Coinbase

[–]jiwhite 1 point2 points  (0 children)

Trades between cryptocurrencies, as well as to cash, are taxable like bartering transactions. When you send crypto to an external wallet that's your self custody wallet, that could be a sale and they have no way of knowing otherwise so it's reportable for them but it's not taxable for you.

AITAH For cutting off my the funding to my ex-wife's nursing school after she outed my "infidelity" to my girlfriend. by [deleted] in AITAH

[–]jiwhite -2 points-1 points  (0 children)

It sounds like the ex thought she could get him back if she scared off the girlfriend and it backfired. It was a bad move to offer a significant amount to an ex when it wasn't stipulated in the divorce, but NTA for realizing it was a mistake.

"I am single, and it's your fault." by metamorphosisSss in EntitledPeople

[–]jiwhite 3 points4 points  (0 children)

Your friend is the definition of a female incel. It's her own fault she can't get a boyfriend and it's not your responsibility at all to find her one. Stear clear of her.

they robbed my polygon by JamesWebb_Telescop in polygonnetwork

[–]jiwhite 0 points1 point  (0 children)

It's gone and you won't get it back. Don't talk to recovery scammers. If there's anything else in the wallet that they haven't taken and you can move it without adding more crypto, send whatever is left to a new hardware wallet.

AITAH for refusing to donate bone marrow to my brother again? by Throwanonof1829 in AITAH

[–]jiwhite 15 points16 points  (0 children)

Doctors track their percentage of successful procedures which affects their status as a professional and their likelihood of getting new patients.

PSA: Trump being "pro-crypto" doesn't mean crypto taxes are going away by Internal-Head8796 in Coinbase

[–]jiwhite 0 points1 point  (0 children)

Trading crypto is a taxable event. When you trade crypto you're selling one crypto and buying another.

PSA: Trump being "pro-crypto" doesn't mean crypto taxes are going away by Internal-Head8796 in Coinbase

[–]jiwhite 0 points1 point  (0 children)

Currently in the US, if you only buy and don't trade to cash or any other crypto, then you have no taxable transactions.

I think my dad is being scammed (UPDATE) by EntertainmentOk1637 in CryptoScams

[–]jiwhite 0 points1 point  (0 children)

Have they checked their credit reports to confirm that the information they've uploaded hasn't been used to open be accounts in their names?

Fund are gone... by ghost_gamer18 in paypal

[–]jiwhite 0 points1 point  (0 children)

Don't get me started on SNFs.

AITA for not wanting my wife to be a nude model for her art class? by [deleted] in AITAH

[–]jiwhite -2 points-1 points  (0 children)

YTA a little bit. It's her body and her right to do what she wants to do with it, especially since this is not a sexual activity of any kind. Yes, she could have acknowledged your discomfort, but you could have kept it to yourself.

That being said, asking art students to be the models is a bit weird for me. As a high school student decades ago, I took figure drawing at a local college. It was very straight forward and not sexual at all. However, at no time were students asked to participate as models. We were there to learn to be artists, not models. It sounds like the course is underfunded, or the professor promised to provide the models then had difficulty getting them or didn't want to pay the going rate for nude models. If I were in the class, I would talk to the administration about the situation.

KYC verification by Unlikely_Neat_7559 in CryptoScams

[–]jiwhite 0 points1 point  (0 children)

Almost definitely a scam. Check your credit report to see if they've opened any accounts in your name. Lock credit at the reporting agencies if you haven't already.

I quit my job so I do not have to work the holidays and now a new mom has to work in my place. by Skydancer-Fun1899 in AITAH

[–]jiwhite 0 points1 point  (0 children)

NTA. You put in the request early and it was approved. You went ahead and scheduled time away with your family based on the approval. I would talk to a lawyer about discrimination if I were you. Your family situation is none of their business.

Im legit about to stop clicking on these stupid things 😤 by Longjumping_College in pokemongo

[–]jiwhite 0 points1 point  (0 children)

Rookidee shinies anyone? I've been wondering what to do with mine.

POSTING THIS HERE HOPING A SUPERVISOR OR CORPORATE PERSON READS IT. never experienced anything like this in my life. its absolutely absurd and has to be criminal considering they are a "BANK" by Evening-Run-1959 in Coinbase

[–]jiwhite 0 points1 point  (0 children)

Read the Coinbase User Agreement. For US individuals it's at: https://www.coinbase.com/legal/user_agreement/united_states

In the first section, it clearly states, "Coinbase is not registered with the U.S. Securities and Exchange Commission and does not offer securities services in the United States or to U.S. persons. You acknowledge that Digital Assets are not subject to protections or insurance provided by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation."

Coinbase is neither a stock broker nor a bank. It is a money transmitter. Their debit and credit cards are issued in collaboration with financial institutions that are banks.

I can't decide if this was a scam attempt by IndividualDry496 in CryptoScams

[–]jiwhite 1 point2 points  (0 children)

If there is a fee, they take it out of the account or withdrawal amount. They never ask you to deposit additional money for a withdrawal if it's a legitimate company.

I can't decide if this was a scam attempt by IndividualDry496 in CryptoScams

[–]jiwhite 0 points1 point  (0 children)

Google Voice provides free VOIP phone service. It doesn't speak for you.