Any tips on where and how to cash out and avoid the exorbitant rates intentionally placed to leave the peasant class in debt bondage?
Don't cash out/convert on the fiat that's taxing you. I'm not sure what country you're in but try to pay everything in crypto if you can. It's still early and not every payment processor/merchant accepts bitcoin like Tesla for example, but soon enough more and more will begin to as the blockchain market becomes more mainstream.
Hey guys, question. So let's say I'm on coinbase, and I'm invested in bitcoin, when I'm ready for my exit strategy can I transfer for to DAI and not have to pay taxes?
i sold a bit on uphold, got a tax form, but when it came time to file I just forgot to report it.
I suppose it depends on how much bitcoin you want to cash out and what tax bracket you are in. I keep hearing not to ever sell bitcoin but why not take some profits along the way even if you have to pay some tax.
I want to take out a loan on my bitcoin to purchase some rental properties down the road and that way I won"t get taxed. Right now I am going to take some profits on my alt coins and keep letting my bitcoin grow.
Same