Is it better to borrow cash using BTC as collateral, or just to sell BTC?
In terms of the taxes in the US.
Selling makes income, income have to be declared and paid taxes of it.
Borrowing means no income = no taxes.
Is it right?
Thanks for answering.
If your income had raised,you have pay tax for that.It will common in all the country including U.S.You can borrow,but how many times you can do that.If you are catch for not paying of taxes,you will be jailed.Instead of spending time in jail,it is better to pay a little amount as tax.