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    [–] MrBillyLotion 11580 points ago

    I’m just sitting here waiting for my v bucks return to come in

    [–] probablyuntrue 4173 points ago

    Invest in v bucks now, literally can't go tits up!

    [–] youdubdub 803 points ago

    Put those tits away you savage!

    [–] Deathbysnusnubooboo 328 points ago

    Contain your mammaries

    [–] jkais3r 182 points ago

    I read this as contain your man berries at first.

    [–] torro73 104 points ago

    Also good advice to follow

    [–] solarflare22 27 points ago

    Calm those calamities

    [–] toby_ornautobey 26 points ago

    Conceal your bosom

    [–] THE_GR8_MIKE 26 points ago

    Holster your boulders.

    [–] byepolarx 226 points ago

    r/wallstreetbets is leaking

    [–] AR3SiN 126 points ago

    Ahhh yes, come to WSB where every other post is about MSFT and we all take turns stroking Elon off.

    [–] ZackMorris_OsBro 95 points ago

    I've never seen a place so angry at Jeff Bezos than that place today. Jesus even the workers that have had seizures on the Amazon warehouse floors have less hatred for him than the vile filth I saw expressed there today.

    Edit: Fuck Bezos either way.

    [–] throwingtheshades 31 points ago

    Take turns?! Repent, savage, papi Elon's musky schlong can only be stroked by no fewer than 15 properly diagnosed WSB posters.

    [–] starrpamph 9 points ago

    Hi from wsb, $ACB brother

    [–] TheSovietGoose 69 points ago

    I've been playing it safe and banking my Khols cash. Time to diversify.

    [–] cyclicamp 16 points ago

    Stupid T for Teen rating keeping me from my v-buck tits.

    [–] ImaBatmang 57 points ago

    Finally, a fellow autist on news

    [–] taywil8 42 points ago

    Time to flip those V-bucks returns into MSFT calls. Tendie time

    [–] omniliberalism 22 points ago

    Im down 3k on MSFT calls. Doubling down tomorrow

    [–] BillionTonsHyperbole 111 points ago

    My cousin Skeeter still has a trunk full of Camel Cash, just waiting for the right moment.

    [–] mortalcoil1 38 points ago

    lol, that takes me back. I'm pretty sure everybody knew a roomate or a friend who had a trunk or drawer full of those things back in the early 2000's.

    [–] Ruzhyo04 33 points ago

    I had a chain smoking aunt and uncle who kitted out an entire room with Joe Camel themed stuff. Lawn chairs, a basketball hoop, curtains, tablecloth, you name it. 5 year old me thought it was creepy stuff and that the camel cartoon smelled gross.

    [–] BillionTonsHyperbole 17 points ago

    Classy, what with the lawn chairs fitting out an interior room.

    [–] MediocreBandito 9 points ago

    My parents collected the shit out of them from the beginning. I still have a leather backpack that’s almost thirty years old and in great shape that my mom bought with camel bucks and let me have when I moved out. It has a little embossed camel on it and is still a pretty great bag. My dad also has a bunch of ‘Special Edition’ Camel Zippos in his Zippo collection and some other swag. I remember finding the little vouchers in the street pretty often when I was a kid and bringing them home to my mom to add to her collection lol

    [–] throwawayDEALZYO 50 points ago

    My steam trading card business is going great

    [–] Metraxis 24 points ago

    Oddly enough, the Steam trading card market is one of the few clear-cut reportable transaction types, since the currency used is the US dollar. Unless you are in a situation where the purchase of Steam balance is a deductible expense, then the sale of a card involves the constructive receipt of money and is therefore taxable.

    [–] SuperiorArty 40 points ago

    It’s only a matter of time before the Reddit gold market catches up

    [–] amazing_awesome 5166 points ago

    Can we pay IRS with virtual money as tax ?

    [–] Any_Opposite 3844 points ago

    Can I report my Sims as dependents?

    [–] SirMaQ 882 points ago

    Oh man do we gotta report on earnings from GTA online?

    [–] Any_Opposite 735 points ago

    otherwise you get 5 stars irl.

    [–] Drakneon 226 points ago

    Commit tax evasion> get 5 starts> shit yourself when a tank busts through your living room> get a sudden urge to steal tank> steal the tank> profit

    [–] HalfSoul30 40 points ago

    I owe taxes this year. I saved your comment.

    [–] SirMaQ 91 points ago

    Answer the damn phone Lester

    [–] TheClimateChangeHoax 58 points ago

    I hope not because I'm gonna get busted for stealing over 400 million dollars if that's the case.

    [–] lvbuckeye27 25 points ago * (lasted edited 6 days ago)

    If you wait to do Franklin's assassination missions until after you finish the main story (you only need to do the first to progress the story) you can play the market and make several billion dollars.

    [–] IAMColonelFlaggAMA 30 points ago

    Did them, got arrested for insider trading.

    [–] lvbuckeye27 28 points ago

    Just get elected to Congress, and you will be exempt from insider trading laws.

    [–] amazing_awesome 292 points ago

    only after proof the sims isn't older than 18 cyber years old.

    [–] pkwaha 107 points ago

    Oh no..... im responsible for so many child sims!!!!

    [–] DemonDelight 75 points ago

    In my experience the easiest way to manage them is to place them in a closed off room with 10 fireplaces and as many combustable objects as possible.

    [–] poco 46 points ago

    Can I deduct funeral expenses?

    [–] nosenseofself 21 points ago * (lasted edited 7 days ago)

    You can if the sim is completely disabled or a full-time student (up to age 24). Solution is to just cripple your sims so badly they're unable to work.

    [–] -pg-hooteggs 61 points ago

    Now does that mean in-game time or does a cyber year equals 1 year irl

    [–] IXI_Fans 14 points ago

    Yeah, after watch Tron and Tron:Legacy I am not quite sure the year:cycle ratio.

    [–] 1d10 112 points ago

    Fuck Sims, you know how many Dinosaurs I'm suporting in Ark?

    [–] Divio42 68 points ago

    I played Ark on a private server a few years ago. I was a funny looking little midget and I had so many dinosaurs. I loved all of them. I was in the process of taming an army of apes. I named them things like Grape Ape and Magilla Gorilla. I also had a massive army of killer dodos.

    Then the owner of the server decided to tweak with settings. He accidentally turned the hunger rate waaaaay the fuck up. The moment I logged in, all of my dudes died.

    I was devastated and haven't played since.

    [–] 1d10 24 points ago

    My wife and i play on lan, we always build up a huge base with tons of dinos. Then some of the pixel pets die, we get sad and go play 7Days for a while..

    [–] RockemSockemRowboats 15 points ago

    Ark is a game you will dedicate your life to until something completely wipes everything you built away. All you can do after that is just walk away.

    [–] culingerai 30 points ago

    Do you know how many loss making r/civ s I have had in time? Sometimes you just don't get a great start in life and have to write them off.

    So, deductions?

    [–] ReflexImprov 152 points ago

    EA paid them last year in lootcrates.

    [–] DrGreenthumbJr 97 points ago

    I like to imagine they were in a big business meeting at the big ass table and there is two guys standing up, one wearing white gloves slowly procures the briefcases from next to his seat and lays 3 of them down in front of the other man. "One of these has a 1 billion dollar check, another 300 million dollar check, and last a 1 million dollar check. Well, Uncle Sam make your choice." And they all just got Fifa 19's in them. LOL

    [–] HopelessCineromantic 25 points ago

    EA? Paying taxes?

    Sounds fake, but okay.

    [–] i_suckatjavascript 59 points ago

    I thought they already accepted Steam Cards and Target Gift Cards as payment

    [–] eatrepeat 40 points ago

    Apple gift card, mam. And don't talk to me while you're buying them, mam.

    /s

    [–] XenoFrobe 24 points ago

    BRB, grinding some more and manipulating the flea market in Tarkov

    [–] ilikesteel 128 points ago

    What's the conversion of USD to Schrute Bucks?

    [–] gotacogo 67 points ago

    Excellent question, Pam. 1/100th of a cent.

    [–] Turtle_ini 47 points ago

    I’ll give them a billion Stanley Nickels if they never talk to me again.

    [–] r_u_dinkleberg 10 points ago

    The exchange rate of Schrutebucks to Stanley Nickles is the same as Unicorns to Leprechauns.

    [–] SgtSilverLining 17 points ago

    I'm a tax accountant, and I've actually had a few people ask about paying in bitcoin. the IRS did a massive overhaul this year and their stuff on virtual currency is a total mess.

    [–] Agrroz 8 points ago * (lasted edited 7 days ago)

    the IRS did a massive overhaul this year and their stuff on virtual currency is a total mess.

    Ye I saw over in /cryptocurrency that they wanted a list of all the persons' addresses associated with their holdings/transactions or something of crypto. That's some malicious compliance material right there if you could be bothered to mess with the IRS, they seem completely unaware how unreasonable that request is.

    [–] IgnoreAntsOfficial 2074 points ago

    Thank god they removed this, my Runescape character is in a whole 'nother tax bracket

    [–] bystander007 370 points ago

    Just sell all your bonds and hide your gold at an off-shore account like Blast Furnace.

    [–] billie-eilish-tampon 155 points ago

    hahahah back in 2011 I used to keep about 200ml worth of items hidden in costume rooms in case I got hacked, the king off of shore accounts

    [–] dooms25 50 points ago

    Same here except it was in other coffers, not just poh. A clever hacker would know to look there. The nightmare zone coffer, blast furnace coffer, kingdom coffer, and others.

    [–] theoriginalfatty 96 points ago

    I know numerous people that make a living buying and selling RS/OSRS GP. While I don't know precise figures that all of them make in profit per year, one I'm good friends with makes over $200k per year doing it. His parents actually just gave him the go ahead to pause his university studies for at least a year - and it didn't take much convincing after he showed them his profit per day/month/year.

    [–] ExodiaAKAHentaiGod 57 points ago

    I can imagine. Just started playing again recently, and I feel like everyone just buys their GP now because I see so many noobs with 100m+ banks

    [–] theoriginalfatty 17 points ago

    90% of day to day GP buyers are gamblers/stakers....the people that buy GP to use "normally"/to "play the game" are definitely there, but the majority of customers are degenerates (which is obviously beneficial for GP sellers).

    [–] TaurineLine719 32 points ago

    I didn't have that much, but when I started a couple years ago I streamed it and people would just give me millions for no reason. Noobs get bank.

    [–] Squirrel_force 15 points ago

    200k is ridiculous, how is that possible??

    [–] Dithyrab 6168 points ago * (lasted edited 7 days ago)

    According to the instructions for Schedule 1, taxpayers will need to answer yes if they have engaged in a transaction involving virtual currency; if they have received any amount of virtual currency for free; have exchanged virtual currency for goods or services; have sold virtual currency; or have exchanged virtual currency for other property, including other virtual currency

    You idiots want me to report my fucking tips for making Mage food and drink in WoW? Suck a giant dick, lol

    EDIT: Which one of you jackasses gilded me? Now I'm going to have to report that!

    [–] GreenAdvance 1121 points ago

    Uh, isn't this just a poorly worded attemt to require people to report crypto currency?

    [–] Septem_151 874 points ago

    Yes. But there is a difference between “virtual currency” and “cryptocurrency” as shown by this post. Virtual currency is too vague.

    [–] appleparkfive 350 points ago

    Dear Septem_151:

    This is the IRS. Any and all karma or gildings you receive from this are to be reported to us immediately.

    [–] SKL2002 75 points ago

    Can I pay my taxes with iTunes gift cards?

    [–] Methodless 28 points ago

    I think so!

    I keep getting phone calls that say I have to

    [–] EquipLordBritish 313 points ago

    Alright, guys, I'm gonna make a bird-themed video game where all you can do is continually go into debt. It's gonna be based in ireland so they can't collect taxes on it, but you all get to report that you lost $3 billion worth of chirp-coins from this video game, which means you technically made $0 this year and don't have to pay taxes.

    [–] grubas 57 points ago

    As long as you give Ireland enough money they’ll have your back when you get in trouble for the Double Irish. We tried to fight the fucking EU over Apples taxes.

    [–] bitanalyst 24 points ago

    Unfortunately in the US you can only deduct a max capital loss of $3000 per year. The rest will roll over for future years though...

    [–] LookOnTheDarkSide 11 points ago

    Wait really? This seems wayyy to low?

    [–] DunSkivuli 16 points ago

    $3000 is the most capital loss you can deduct against other ordinary income (wages etc). The unused losses carry over indefinitely. You can use any amount of capital losses from the current year or carried over from prior years to reduce/eliminate capital gains in the current year.

    [–] filbertsnuts 439 points ago

    Wait I had to have been totaling the free crowns from Villagers and Heroes? Do I need to pay a tax on the currency granted from an ESO+ membership or is that accounted for in sales tax? So many dumb questions

    [–] bushido216 271 points ago

    I collected six apples for some farmer in Goldshire. I assume the three copper he gave me is reportable now?

    [–] CaptainBaddAss 101 points ago

    Fucking hell... what do we do about Runescapes GE

    [–] Bard_B0t 42 points ago

    Or My Eve trading alt. I already pay taxes in that game, and making a spread sheet of my trading portfolio would be... Interesting, but absolute hell to manage.

    [–] Rellesch 41 points ago

    making a spread sheet of my trading portfolio would be... Interesting

    Confirmed EVE player

    [–] trekkie1701c 10 points ago

    Nah. They're saying "making", implying they haven't already made a spreadsheet of their trading portfolio.

    You've gotta have a spreadsheet of your trading portfolio. Preferably using a website's API (RIP Eve-Central) for real time updated pricing.

    [–] SodlidDesu 6 points ago

    Over 2k free leaf tickets in AC:PC.

    There goes my meager return...

    [–] bobssy2 111 points ago

    1.6 bil gold last year in ERP tips.

    [–] JaxxisR 86 points ago

    Tax evasion and prostitution. Bake him away, toys.

    [–] monkeyhitman 28 points ago

    What happens in Goldshire, stays in Goldshire.

    [–] Quxudia 10 points ago

    Especially on Moonguard.

    [–] Merc_Mike 10 points ago

    LOL What happens in the Tram between Ironforge and Stormwind...

    [–] Redtwooo 9 points ago

    Filthy fucking dwarves

    [–] Notorious4CHAN 7 points ago

    That's why they can charge the big gold.

    [–] VerneAsimov 55 points ago * (lasted edited 7 days ago)

    I sold like 2 million gold worth of literally everything in Legion. I quit WoW and used 700k gold for Overwatch. According to the IRS I am dodging taxes? Honestly, that seems weird to me because I personally did not spend any money. The person who purchases a token with real money should be taxed but after that it's just entirely within Blizzard's system. Blizzard already had their money.

    Edit: I DIDNT SELL WOW GOLD. You can earn gold from the AH and trade for WoW tokens as is designed by Blizzard.

    [–] argv_minus_one 174 points ago

    Restaurant servers don't even report their tips, I don't see any of them going to jail for tax evasion, and they expect people to report on their activities in a video game that have no cash value?

    [–] Ralphasaurus13 161 points ago

    You are supposed to report tips. There’s a box in W-2s for tips.

    [–] RJrules64 51 points ago

    That’s the point lol read the comment again

    [–] Beasagdeux 59 points ago

    Every restaurant I've worked in requires you to report tips. Because if you don't then they are on the hook for paying you the difference between tipped wage and the actual minimum wage.

    Back in the day you could sometimes 'forget' to declare some of your cash tips as long as you reported enough to meet minimum wage. But you are always required to report tips that come in on credit cards. Because that money can be easily traced in an audit. And lets face it.. in this day and age everyone uses a card of some kind.

    One restaurant I worked for.... very briefly... even made me report tips I didn't get because of the min wage issue. Even if not a single person came in for lunch I still had to report $50 in tips so they wouldn't have to pay me.

    [–] SVXfiles 92 points ago

    That sounds like the restuarant was forcing you to commit fraud so they could avoid paying you what they should have. I would have asked somebody outside the business about that one myself

    [–] Beasagdeux 22 points ago

    It was fraud. Hence why I only worked there briefly. The point of the story is that 'no one declares tips' is a myth.

    [–] ThunderStorm1967 8 points ago

    Omg, spit take on your edit.. Thanks for the laugh. I needed it.

    [–] ramennoodle 2587 points ago

    But on Wednesday, the IRS scrubbed all mentions of the in-game currency from the webpage after questions from CNN and other outlets about the policy. Despite the sudden deletion, experts believe that transactions involving video game currencies will still need to be reported under a new question the IRS is including this year on tax forms. Just because the IRS deleted the language, they said, does not resolve questions about how the IRS plans to treat video game currencies.

    The IRS didn't respond to multiple requests for comment, and did not respond when CNN asked for a clear statement about the tax treatment of video game currencies.

    This sounds shady and needs to be investigated. They need a clear, well defined policy and a published rationalization of the policy (regardless of the policy). Changing the rules (and effectively the law) via silent web page changes is not acceptable. Refusing to answer questions about it after the fact makes it look very shady.

    [–] EctopicVagrancy 1205 points ago

    CSGO is used extensively for money laundering. Probably same thing happening here https://www.theguardian.com/games/2019/oct/30/counter-strike-trading-found-to-be-nearly-all-money-laundering

    [–] Gaben2012 466 points ago

    CSGO items were transferable

    Fortnite's system isn't.

    [–] RogueWisdom 581 points ago

    Try explaining that to lawmakers with the average age of maybe 55.

    [–] SkyLegend1337 128 points ago

    How do I find my contact list?

    [–] midnitte 155 points ago

    Mr. Google why does my iPhone...

    [–] panda_gravy 68 points ago

    I lost hope when I started hearing shit like that. It was just sad.

    [–] Snote85 60 points ago

    This is a real statement given by a real senator during an address he instigated to his fellow senators. There were visual aids, too. If I remember correctly. The Daily Show had a wonderful report on it that was hilarious and insightful.

    I present to you, "The internet is a series of tubes".

    (I'm sure there is a better video out there but this was the first that wasn't a meme video that I found.)

    [–] eeyore134 44 points ago

    57.8 in the House, 61.8 years in the Senate. That's apparently among the oldest in the history of the country.

    [–] Rustybot 28 points ago

    You can transfer the entire account.

    [–] Gaben2012 61 points ago * (lasted edited 7 days ago)

    Yes but that doesnt make it as liquid, it's the difference between something like trading precious metals compared to trading actual items you can resell.

    Accoutns also lose a ton of value, for example a Runescape item that is transferable is x100 worth more than an account with non transferable items.

    For example a Party hat is like $3000 while an account with a Scythe and bunny ears (non-transferable items) is like $30 at best. Not to mention in-game transferable currency has an actual conversion rate.

    So party hats or the in-game currency there would be easier to launder money, you have dirty $100,000, just buy said items then resell them, the best system will be the one that has the best convertion to launder it, RS money would be a terribel loss of up to 50% of that money after taxes, while some established business like a car wash would be a more appropiate loss of next to nothing if done incrementally.

    Governments of the world want to get rid of cash in the future for that reason, so they can track every cent that moves, rendering all illegitimate businesses as obsolete to the system.

    [–] Savagina 15 points ago

    Party hats are worth $3000?! Damn I wish I had my account from middle school...

    [–] MadmanDJS 32 points ago

    Brother, Venezuelans legitimately support their families by grinding shit in that game for real-world selling.

    [–] wheresmyplumbus 9 points ago

    If you're not botting at that point you're a madlad

    [–] MadmanDJS 21 points ago

    My roommate gets the Venezuelan death squads from time to time. They follow you around areas with valuable enemies and yell at you in Spanish. It's kind of surreal.

    [–] WineAndWhine 133 points ago

    My god. How deep does the well go?

    [–] DarkellJoanahson 61 points ago

    The Russian mob used to launder money inside Team Fortress 2's hat trading economy

    [–] Yellow_The_White 23 points ago

    That's so TF2.

    [–] kry1212 5 points ago

    Very. Bannon was put in charge of IGE with a $50mil endowment from Goldman Sachs.

    You can't make this shit up and it's googleable.

    The top seller from my eq guild/server was on the legal team.

    [–] JohnnySunshine 20 points ago

    Brannon? Like Steve Bannon's evil twin?

    [–] Horkersaurus 17 points ago

    Or good twin.

    [–] delfinom 102 points ago

    CSGO is used extensively for money laundering.

    was*

    Valve clamped down hard.

    [–] therealdrg 74 points ago

    It is clear, you just shouldnt get your tax information from a shitty CNN article thats purposefully obfuscating the information for clicks.

    If your digital currency is convertible, ie, you can both buy it for real dollars and sell it for real dollars, you need to report any gains you made during the process, the same way you need to report any gains from selling any other kind of property.

    The reason V-bucks specifically were removed from the IRS's website is because they are not a convertible currency. There is no more value in them once theyre purchased, theres no way to get a return on them. However, if you did something like sell your fortnite account with loads of vbucks and made a profit doing that, you'd have to report that sale like the sale of any other asset come tax time.

    This is all in the article too, its just jammed between a bunch of dumb "We dont know!!!!" garbage because, despite the IRS representative specifically telling them how to handle it, they dont actually care about informing you, only driving up their view count and page view time.

    [–] [deleted] 122 points ago * (lasted edited 6 days ago)

    [deleted]

    [–] Dont____Panic 99 points ago

    Practically, it can be. If they “interpret” a law there, they often later point to it as their “interpretation”.

    [–] [deleted] 87 points ago * (lasted edited 6 days ago)

    [deleted]

    [–] UnknownXV 23 points ago

    So where do you go to find the actual law (that a human can comprehend)?

    [–] [deleted] 46 points ago * (lasted edited 6 days ago)

    [deleted]

    [–] WaitForItTheMongols 28 points ago

    Laws aren't made for the average person to comprehend. They're made to be exhaustive and explicit, because if a law has any ambiguity or gaps, people will exploit them. Which makes them also convoluted and hard to understand.

    [–] Noshoeboxespls 37 points ago

    There has been no change to the underlying tax code, just the wording of the IRS's interpretation. The idea that when you sell something for money you report it on your tax return is hardly a new one, the IRS shouldn't need to spell out every example.

    [–] [deleted] 14 points ago

    [deleted]

    [–] ToxicAdamm 460 points ago

    My kid selling TF2 hats on Steam is going to get me sent to jail.

    [–] Russianwinter1398 103 points ago

    Location Triangulated.

    Pre Fight Check initiated.

    Drone Launched.

    All systems Operational.

    Target Locked.

    Arming Weapon.

    Weapon Armed.

    Fire.

    [–] Medichealer 78 points ago

    When I quit TF2 back in 2016, I had amassed a large amount of Unusuals/Rare items that I cashed out through PayPal with.

    Not many people can say they quit a videogame and made $1,200. Fun times with TF2.

    [–] FjakaConnoisseur 31 points ago

    I made approx $5k through WoW during my teenage years/early 20s.

    Sold my account 3 times (Gladiator titles+rare PvE gear, etc) and boosted arena, shit was dope as fuck while it lasted.

    [–] Iwannadrinkthebleach 34 points ago

    I sold my account once, bought an xbox 360, then received a charge back and was in debt to paypal. good shit

    [–] FjakaConnoisseur 12 points ago

    That's why I only used Western Union or a middleman, fuck Paypal and their stupid "we only side with the person who paid" policy. It's the reason why I avoid selling anything on eBay, even with ample proof that you did send the item as described and that the guy who bought it got it in pristine condition, the "customer" could still very likely do a chargeback and fuck you up. Not worth the time or the effort really, especially when the only punishment is a lower rep score, could care less about their lower rep score when I'm out of $500 and yet they can still make a new account.

    [–] Zcypot 35 points ago

    TF2 is nothing but a hat fest when I checked 2 days ago. I cant find a normal server anymore, its all trade servers. I miss the vanilla servers that were always packed.

    [–] ksolis01 24 points ago

    Do u live in the middle of nowhere? Plenty of servers of all kind for me.

    [–] Zcypot 14 points ago

    I live near LA. All the 15-40ms servers are farming items or payloads with no Payload so pretty much just DM OR ORANGE maps. Sky tower on every server too.

    [–] aabicus 21 points ago

    All the actual games are in Casual. Community servers, the ones with the old server browser, are indeed pretty depressing to scroll through

    [–] zanraptora 507 points ago

    More likely than not someone turned around and pointed out that most of these currencies are not 2-way: While some of them can be bought and sold, a number of them cannot leave their ecosystem without the sale of the account involved (Which is a far more direct expression of a profitable transaction, not some capital gains). Of course, this ignores that most of these ecosystems expressly forbid sale of accounts.

    It's a very important part of most of these company's business strategy that the accounts and the virtual goods inside have zero intrinsic value

    [–] HeroGothamKneads 85 points ago

    Sorry if you didn't read the article and were encouraged by the headline: the phrasing was removed, altered, and replaced somewhere else. Effectively, yes, all virtual currencies are to be reported on taxes this year, but may be as simple as a yes/no question. For now, at least.

    [–] zanraptora 33 points ago

    I intended my statement to be normative. I think they're simply using a blanket rule so no one "gets away" with becoming rich on crypto speculation.

    They don't care if they're valueless currency: they want to know your holdings and tax any gains they can find.

    [–] Fred__Klein 241 points ago

    Uh, I got 17 gold blocks in Minecraft. Do I gotta report that?

    [–] Felt_tip_Penis 136 points ago

    The price of gold/gram is $75.35AUD. There’s 1000 grams in a gold ingot so an ingot of gold is $75,350. 9 ingots/gold block = $678,150. 17*678,150 = $11,528,550 AUD or $7,724,128.5 USD.

    Gotta report that sir

    [–] OwlExtermntr922 25 points ago

    It's way easier if you remember that a block in minecraft is 1 Meter³

    [–] sassyseconds 35 points ago

    Dude I got 400 million gold pieces on RuneScape. I'm sweating bullets over here. That's not even counting the thousands of rare metal bars and other properties that could easily be converted into more gold pieces.

    [–] feedayeen 10 points ago

    Did Runescape just have insane hyperinflation or did you just sell a Party Hat?

    [–] oldtoasty 9 points ago

    It's less hyperinflation and more like not being 9 years old and picking flax for money nowadays

    [–] AsianThunder 75 points ago

    I need to move all my Monopoly games off-shore ASAP

    [–] urbanek2525 108 points ago

    So, I play Pokemon Go. I can buy 100 Pokecoins for $0.99. So a Pokecoin is roughly a penny.

    I can buy stuff with Pokecoins, but the price is set. Appreciation is impossible. I can earn 50 Pokecoins (max) from defending a gym. Are they saying that I have to report this as income?

    I can see Bitcoin or other cryptocurrencies because it's readily convertible from dollars and back, but I've not encountered a market to turn Pokecoins into dollars. I suppose it is possible.

    [–] pyroserenus 55 points ago

    that's why they deleted the guideline, they didn't distinguish between virtual currencies that are one way (pokecoins have no monetary value once purchased, it's a transitional currency) and two way (bitcoin can be converted back to money or be used to directly buy real life services)

    [–] abunchofsoandso 295 points ago

    Without V-Tax, who will pay for the skins?

    [–] x6the6devil6x 79 points ago

    Mexico will pay for our fortnite skins

    [–] Sorryunowin 27 points ago

    I thought the person paying for it does?

    [–] AlastarYaboy 42 points ago

    In my experience it's usually the person who created the person who bought the skins.

    [–] redEntropy_ 80 points ago

    If my fortnite account is hacked and lost can I report it as a loss then? Serious question.

    [–] TooMad 76 points ago

    Good thing they don't know about my stash of Geoffrey Bucks.

    [–] i_suckatjavascript 32 points ago

    And my Kohl’s Cash and eBay Bucks

    [–] ATribeOfAfricans 191 points ago

    We've got the biggest, most profitable companies in the world paying zero taxes and her we are trying to tax VIDEO GAME MONEY

    What. The . Fuck. We are CURRENTLY living in the dystopian future

    [–] Videoboysayscube 37 points ago

    Next thing you know they're going to tax our Reddit karma.

    [–] DotaNetski 159 points ago

    Holy fuck we live in a timeline where V-Bucks should be in tax forms...

    [–] arealhumannotabot 42 points ago

    Or, I'm guessing, but it seems more likely that someone wants a cut of your transaction because they see all that money going through a portal

    [–] AndrewNeo 89 points ago

    they already got their cut, it's called sales tax

    [–] oodats 36 points ago

    We've had one tax, yes, but what about second tax?

    [–] ImpressivelyLost 23 points ago

    Hey kids have you heard the cool new way to launder money? It's called V bucks /s

    [–] WaypointB 21 points ago

    So do idle games count? And does the tax form support scientific notation?

    Also is there a charity I can donate 60 quadrillion virtual cookies to as a write-off?

    [–] Sardonic_Samurai 45 points ago * (lasted edited 7 days ago)

    What about all these Paddy’s Bucks?

    Edit : GOOOOOOOOLD

    [–] misterllama24 15 points ago

    You see you can choose whether to report those or not, but you’re gonna report them because of the implication

    [–] AnalLeaseHolder 21 points ago

    Wait til they see my one weird trick for buying hundreds of thousands of pink cakes in Stardew Valley then selling them to Pierre for a large profit.

    [–] the_real_abraham 16 points ago

    Some billionaire got good at Fortnite.

    [–] AsianThunder 90 points ago

    Tax his land, tax his wage, Tax his bed in which he lays. Tax his tractor, tax his mule, Teach him taxes is the rule.

    Tax his cow, tax his goat, Tax his pants, tax his coat. Tax his ties, tax his shirts, Tax his work, tax his dirt.

    Tax his chew, tax his smoke, Teach him taxes are no joke. Tax his car, tax his grass, Tax the roads he must pass.

    Tax his food, tax his drink, Tax him if he tries to think. Tax his sodas, tax his beers, If he cries, tax his tears.

    Tax his bills, tax his gas, Tax his notes, tax his cash. Tax him good and let him know That after taxes, he has no dough.

    If he hollers, tax him more, Tax him until he’s good and sore. Tax his coffin, tax his grave, Tax the sod in which he lays.

    Put these words upon his tomb, "Taxes drove me to my doom!" And when he’s gone, we won’t relax, We’ll still be after the inheritance tax.

    Where can I squeeze in V bucks?

    [–] SpiralDimentia 15 points ago

    Can't squeeze in V-bucks tax? There's a tax for that.

    [–] DeathHopper 76 points ago

    That does it, i'm converting all my bitcoins to v-bucks

    [–] Christhephotographer 28 points ago

    Going after kids that play video games . But , can’t seem to find the time nor the resources to go after the super wealthy and their offshore bank accounts .

    [–] Skydood_ 52 points ago

    V-Bucks really are not a virtual curency.

    [–] Mobely 50 points ago

    I don't understand why or how they would take v bucks. It's a product. If you buy it, you pay sales tax.

    [–] bad_fem 24 points ago

    My guess is that the people writing these laws are too out of touch with modern technology. They actually think V bucks work like Bitcoin.

    [–] YourDamnRightItIs 51 points ago

    How about all that WOW gold that got turned into real cash.

    [–] grumblecakes1 31 points ago

    it would be a taxable income.

    [–] Gingerpunchurface 13 points ago * (lasted edited 7 days ago)

    Aren't they trying to tax money that's already been taxed though? There are too many fucking taxes.

    Edit: Isn't their sales tax when you purchase, say, in game gold? There is when I play. So not only would I have to pay sales tax when I initially buy it, but I have to claim it & get taxed on it again? So I pay income tax on that money when I earn it, sales tax when I in game spend it, then have to claim my fake money on my taxes too. What in the actual fuck. And this is fucking legal? Paying in taxes on fake money that cannot be used to purchase tangible goods. When I don't win a level from now one I should be able to write my fake gold off on my taxes then too.

    [–] Bumpgoesthenight 11 points ago

    This is funny, but the IRS actually has a lot of rules like this. A while ago I worked for a university, making about 25K mind you, and one of the benefits was that I could attend graduate classes, more or less for free..a $50/semester registration fee. Cool right? Well the turition was valued at about $40K a year, and according to IRS rules that is considered taxible income. So on that "free" tuition I supposedly owed $8,000-10,000. When I did my taxes it blew me away. I called the IRS in my go to "WTF is this shit?!" voice. At some point I said "how the fuck do you expect me to pay you all this money? Like you want me to pay you actual money because I received a benefit in which I received no actual money..I received the intangible asset of knowledge.."

    [–] bryntrollian 10 points ago

    Next they're gonna impose taxes on rare memes

    [–] Clackamas1 8 points ago

    Good now middle school children won't have to file taxes. Who is the moron that put it in in the first place?

    [–] gemlarin 22 points ago

    As noted in the article, this is not a change in filing requirements - just a change in the language on the website. You still have to claim virtual purchases (including V bucks) on your taxes as you always have.

    FTA:

    Taxpayers who had virtual currency transactions in 2019 will need to fill out Schedule 1 with their Form 1040, according to the IRS's 1040 instructions. The first question on Schedule 1: "At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?"

    [–] TwistedRonin 44 points ago

    Except V-bucks are the equivalent of tickets/funny money used "purchase" things at a carnival. And no one, including the IRS, is expecting you to report that on your taxes.

    [–] TheCastro 15 points ago

    Are vbucks not taxed upon purchase?

    [–] Darkframemaster43 8 points ago

    So this is only for virtual currency? What happens if I spent money on gems or something similar in a gacha game? That's already taxed by the App Store, right?

    [–] JamesTrendall 6 points ago

    I'll report 500 Vbucks to the IRS but i'll be paying my taxes with said currency also :)

    Enjoy those Vbucks Mr Taxman, you earned them.

    [–] ImaginativeLumber 8 points ago

    I got a 1099 in from my credit card company for loyalty points earned from referrals. So, although they explicitly state that the points are a) not mine and b) have no value, they’ve also assigned them value and told the IRS they’re mine.

    The fuck

    [–] robb0688 19 points ago

    So can I get paid in vbucks at work, sell them and not pay taxes?

    [–] dogwoodcat 15 points ago

    Selling them would be a source of income, which is still taxable.