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5c077d22 | 11 months ago (raw) | root | parent | reply | flag 
 My tax software would read my transaction history and see a capital gain when entering the coinjoin and then as income when exiting the coinjoin (assuming the value is directed back at me)
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Alan Siefert | 11 months ago (raw) | root | parent | reply | flag 
 Sounds like tax software to not use, or to edit the report it generates.
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5c077d22 | 11 months ago (raw) | root | parent | reply | flag 
 This is also how an IRS agent will make a determination on the taxes you owe unless you trace the coinjoin for them (if you get audited).
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Alan Siefert | 11 months ago (raw) | root | parent | reply | flag 
 What is the point of coinjoining if you’re going to just link your input and output transactions for the government?
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5c077d22 | 11 months ago (raw) | root | parent | reply | flag 
 Well, coinjoins don't look like normal transactions, they look like coinjoins. I guess it depends on if you think you can lie to their face and get away with it. A field audit usually goes on for 2-3 years, and they don't really let up. If they think you are lying then it becomes a crimal investigation instead of a financial investigation. Just being honest with them is emotionally exhausting because of how intrusive they are. I'm guessing you've never had IRS agents audit you for all your crypto transactions before.
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Alan Siefert | 11 months ago (raw) | root | parent | reply | flag 
 Nope, but it’s probably something that will increase in frequency. Moving business out of the US may be the only option for avoiding it if you want to maintain any privacy.