Post
Topic
Board Legal
Re: Has anyone sold BTC won here in sig campaigns? how does tax work?
by
pereira4
on 22/02/2018, 16:57:41 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?

cashouting huge amount of money everyday will become suspecios. but if you can prove where your money came from then nothing to worries. the government cannot forced you to pay some tax from the money you earn in signature campaign they are concern only about money laundering. if your country is open minded about btc then prove your hardwork so that you can freely buy property without fear.

Like I said before, this is easier said than done.

Bitcoin is too new, earning income with Bitcoin is too new. There are no precedents that I know off. Show me someone cashing out $10,000+ worth of signature campaign gains, and explain me how to the process went (and say where are you from too). Otherwise you are taking a risk because you don't know what will happen. You don't know what they will ask for.

And don't get me started if you mixed of your coins, or you lost some trading history because stupid exchanges are now dead (Cryptsy, Mintpal, etc)