“At any time during 2022, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, gift or otherwise dispose of a digital asset (or a financial interest in a digital asset)?”
I gave digital assets in the form of my personal information to websites in exchange for their services. How to I find the value of my data, so I can accurately report that digital asset value to the IRS?
....ring, ring... "Hello, I need to speak with Zuck about the value of the digital assets I traded to him for the services your company rendered to me."
... ...
"Well, then put me in contact with someone who can give me a damn receipt for the value of my digital assets that you are in possession of, so I can show the IRS the value of the digital assets I was coerced into paying to you, in exchange for using your services."
... ... ...
"Ok, ok, ok, I get it, you people are going to refuse to provide that information to me, no matter what I say, fine. I guess I will have to get a lawyer, and tell the IRS that you people are hiding the value of the digital assets that I traded to you. And one other thing- be damn sure Zuck reports the exact value of the digital assets I traded to him to the IRS when he files his taxes. See you in court." click!
Abolish the IRS!
I gave digital assets in the form of my personal information to websites in exchange for their services. How to I find the value of my data, so I can accurately report that digital asset value to the IRS?
Call it $600 and send Meta and Google a 1099.
u/#howl
Personally, I don't take tax advice from the IRS.
...howls...
What Consequences?
...doggy winks...
87,000 of them.
You didn't think Bit coin was going too be Tax Free did you.
...howls...
...sure they did....
That question has been there for years, all they did was change the wording.
...words mean things....
I just click no and move on.
...doggy winks...
sorry....taxation is voluntary....if you sign a w-4 you gave them permission
...there is that issue of "eating"....
This isn't about your current bitcoins or dodgecoins folks. Central bank digital currency is a coming
...exactly....
Every exchange I’ve been on values an asset differently so how do you calculate the worth and against what’s? Gallons of milk? Cartons of eggs?
...howls...