In the future I would like to buy some property with my BTC once it's worth a lot. Even small amounts made on signature campaigns in here could be worth a lot and may I want to diversify into real state in say 5 years or so.
I was wondering how would this be done? Im scared because we get daily news of any bank account that has to do with Bitcoin being frozen. I wouldn't like to be treated a criminal when I obtained my Bitcoin posting here... any help?
I have been selling my signature campaign earnings every month. I also fall under 20% tax bracket as per my country's rule because I have a day job from where I earn a decent salary. So let me clarify this for you. Whatever bitcoins you will earn from signature campaign, can't be considered for capital gain because you earned it and not invested out of your pocket. So treat this amount as your income only. Don't factor in the price fluctuation here.
I calculate the entire amount that I cash out in my local currency and then add the amount in my tax information filing. I add this amount under "income from other sources" head. You can follow the same as I have been doing this since last two years. You may pay some tax out of your pocket but it's totally worth it as you are not hoarding any black money. Whatever you have earned, you have declared it and paid tax on it. I hope this helps!