Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Syke
on 18/11/2020, 00:28:25 UTC
Send the tax man a check now. I had a friend cash out 200k in december 2017 he sold 11 coins at about 19k.

 he let the cash burn a hole in his pocket.  decided to buy back in when coins dropped to 10k and then did not have any cash to pay the tax man.

If your tax bill is 400k at least send in 200k don’t  fuck around.

Current max tax rate in US for long-term gains is 20%.