Bitcoin Forum
July 05, 2024, 07:55:42 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Most tax efficient way to turn cryptocurrency into normal 'fiat' currency  (Read 205 times)
KSK7 (OP)
Newbie
*
Offline Offline

Activity: 9
Merit: 0


View Profile
August 02, 2017, 09:20:39 PM
 #1

Hi everyone,

What is the best way to turn cryptocurrency into fiat?

Would it be best to exchange whatever altcoin it is into bitcoin if it isn't in bitcoin already, and then sell the bitcoins? What website would it be best to sell the bitcoin on? Coinbase? Local Bitcoins?

Then what are the tax implications? Is it best to set up a LTD company and get the fiat money transferred into that? Or just into your personal bank account? Is there any recommended accountants who can help with this?

Cheers
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!