Post
Topic
Board Bitcoin Discussion
Re: Couple was forcibly ask by IRS to sell their crypto to pay their liabilities
by
buwaytress
on 27/06/2020, 17:55:34 UTC
yes. and even if blockchain analysis isnt that good now, it will be.

i mentioned upthread i always pull 20% more on sells so its already in fiat for taxes. i dont touch that 20% fiat in the bank, only cash it in when the man wants his tax.

Good call. I don't have to worry about this now but I wonder if at some point I will have to, I'm never certain of my next tax jurisdiction but I think anyone who trades, and who isn't 100% certain or has not got the all clear from the tax man should always have a bit of padding in that bank account.

Strange case because they went to court standing on no legs. What kind of lawyer do they have haha.