Off topic but please read:
"
US Senate Moves to Criminalize Non-Disclosure of Cryptocurrency Ownership"
https://cointelegraph.com/news/us-senate-moves-to-criminalize-non-disclosure-of-cryptocurrency-ownershipStand up and be heard! Stop this before it starts or we will all suffer the loss. Write, call, blog, post yell and scream. This must never see the light of day. For those of you in the US, it goes against every principle we believe in. Our country was founded on principles diametrically opposed to this proposed law.
"First they came for the Socialists, and I did not speak out—
Because I was not a Socialist."
"Then they came for the Trade Unionists, and I did not speak out—
Because I was not a Trade Unionist.
"Then they came for the Jews, and I did not speak out—
Because I was not a Jew."
"Then they came for me—and there was no one left to speak for me."
I simply can't stress how important it is to stop this nonsense. We are no better than the Nazi's if we enact this. Even if you are NOT in the US, this will effect you in due time if enacted. Make your voices heard!
if you live in the US or use any of the US exchanges, you owe taxes and most likely will have to pay them in 2019. This is one of the reasons for the disclosure. The problem is how the taxes will be calculated .
Moving coins to an offline wallet is considered a sale, selling any coin is considered a capital gains event. The challenge will be that in some cases you will owe more than the value of your coins plus penalties.
For example if you sold at the top of the ATH ( ie BTC 11,000) and the value of the coin has dropped substantially (ie BTC 3000) you will still owe taxes based on the value of the coin when you sold it and not the current value.
on november monero trading was 85 after one month now trading 205