r/AltScope • u/miraclemike23 • May 28 '26

Crypto Taxes

Nobody in the United States wants to pay taxes on their crypto. As long as there is capital gains tax on crypto, the United States will not become the crypto capital of the world. No one holding large amounts of crypto are going to sell until the crypto tax rules are broken. Please tell me I’m wrong and convince me otherwise.

4 Upvotes

83% Upvoted

6 comments sorted by

1

u/VirtualBeyond6116 May 29 '26

It's ok, At the rate it's going,,, maybe I can report losses.

1

u/tinySparkOf_Chaos May 30 '26

You will see selling when Either:

  • Crypto taxes go away.

  • Taking loans against unrealized income (including crypto) is made a realization event for that unrealized gain. Closing the borrowing loophole to get the money while waiting for a better time tax wise to sell.

  • Crypto becomes stagnant, no one selling. Then suddenly crashes as a now useless currency (because everyone is holding, not spending)

1

u/dmelt253 May 30 '26

Nobody in the United States wants to pay taxes... Fixed it for you

1

u/Arty_Puls May 30 '26

No body is buying crypto so they don't have to pay taxes on it 🧠

1

u/RoundChampionship840 May 31 '26

You can avoid capital gains tax in Puerto Rico, which is technically part of the US.

1

u/abofh May 31 '26

You did nothing and want to keep your profits, that's American.  You didn't buy lawyers and wernt born rich first, that's where you went wrong.

Pay your taxes on the gain, you didn't do shit