Hi guys, I was wondering how to convert amounts over 1.000.000 USD in bitcoins to a bank account in US dollars in the US, basically I have this question.
1.- Which exchanges are legal in the US to do this transaction, so when the transfer is done, I will not have problems with the local bank.
2.- With which banks these exchanges are friendlier to work.
3.- How do I declare this income to tax authorities.
4.- Is there any further paper work to declare for this transaction in the US.
Please I hope you can answer my specific questions, and do not have comments like why you are selling the bitcoins, nor things like, if you have that number of bitcoins you should alredy know, in fact I do not know, that is the reason why I am asking this.
In few days I am going to sign an exclusivity contract to represent a client in the sale of 5 solar power plants located in South America that are already operating and generating incomes, and we want to explore the possibility to sell them in bitcoins, but my client want some part of the deal has to be deposit in US dollars in the United States, this is the reason why I come to you with this questions.
Hope someone can help me and give some guidance
Regards
Daniel Roman