Btc and taxes

[Polo7]

How u pay?

Let's say u got 20k to 100k.
And u want to cash out, how u do that?
If u declare any taxes then how u do that?

And wich way is better in terms of paying taxes?
Personal bank account or business account from exhanger or btc buyer...


Is anyone have experince Account been blocked...
Coz of Dealing with btc.



I have used some  Exchsngers to cash out btc to my bank account I Wonder If the Funds are bigger then the bank minght start looking?

[figmentofmyass]

your tax obligations will depend on what country you live in. if you're willing to say where you live, we may be able help find information about the required tax reporting and payment.

general topics about taxes and bitcoin:
https://bitcointalk.org/index.php?topic=5165907.0
https://bitcointalk.org/index.php?topic=4557659.0

[sufferer123]

There is currently no special income tax in our country for crypto. Only when converting the money into cash, we pay the commission to the stock exchanges we trade, the relevant stock market is paying taxes to the state instead of us.