Post
Topic
Board Speculation
Re: Will people be selling after the 1st of the year for tax benefits?
by
2dogs
on 28/12/2013, 00:03:06 UTC
A lot of bitcoiners and altcoiners made a lot of money this year with the runup. If they cash out their profit before the end of the calendar year they (theoretically) have to pay taxes on their gains.

I'm guessing a lot of people are waiting until after the 1st of the year to sell their coins in order to cash out and realize a profit. Cashing out after the 1st of the year allows them one whole year to find tax havens such as mortgage interest and Roth IRAs.

Will people be selling a lot after the 1st of the year?

I was wondering the same thing.