Post
Topic
Board Trading Discussion
Re: Wiring larger sums from exchange to bank account
by
CaptainPicard
on 04/01/2014, 20:44:08 UTC
You will have to pay taxes for such a big amount. Other than that it is fine.

I don't even know where to begin searching for tax information.  All the coins I have, I mined.  In any case, my main concern was a hold up with the banks.

Perhaps this is the wrong forum for this type of question and I should speak directly with my bank first, as well as an accountant.  It's my first time converting coins to fiat so it's a bit new to me.