Post
Topic
Board Legal
Re: Has anyone sold BTC won here in sig campaigns? how does tax work?
by
BTCMILLIONAIRE
on 19/01/2018, 14:37:24 UTC
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?
Whatever you earn is taxed as income, and the change in exchange rate would be taxed as capital gains depending on your holding period. I recommend keeping very close tabs on your earning and trades if you ever want to cash out into fiat without being heavily fined or even worse.


You basically have to pay your taxes at the end of every year for whatever you've earned for signature campaigns.

And then capital gains once you trade your Bitcoin for another altcoin or fiat.