Hooking up CC to circle - taxes - help

I recently hooked up my credit card to circle. I haven't made any transactions yet, but I plan on making one $200 transaction directly to agora. I do not do my own taxes, and never have, I'm sorry if I have no idea how taxes work. Will I have to give my broker/family credit card transaction history, and have to explain the $200 circle transaction? I thought it would be a better idea to go with CC on circle than directly to bank account.

Also, should I just use virwox and paypal if I need to explain myself? I've heard the fees are bad... But I've had to use localbitcoins before this. I only buy an OZ at a time, I'm 99.9% no federal investigation is going on me as a uni student, lol. Also the reason why I don't tumble.


Comments


[1 Points] the1337one:

Are you brain dead?


[1 Points] nsgiad:

Don't circle accounts start with only a 100 dollar limit? Using a credit card is no less incriminating than using a bank account.


[1 Points] iLoveDNM:

Jeeze, you are way paranoid. No, you don't have to explain every transaction on your taxes. Just don't try to claim your purchases as deductions or anything silly like that.


[1 Points] throwahooawayyfoe:

Are they gonna make you show receipts for every big mac you've eaten during the year? Unless you're trying to write it off as a business expense, the answer is no.