Post
Topic
Board Bitcoin Discussion
Re: Bitcoin payment laundering in order to avoid taxation
by
NotATether
on 30/12/2022, 11:57:17 UTC
Hello I have started accepting payments with bitcoin due to its anonym state. Should I state them at my taxes as payments? Should I just spend them as a bitcoin on groceries and under 1,000 payments? Also, is it worth it to take them in cash using a crypto atm? What is my best option to not get this money tracked and taxed?

You don't have to pay taxes on Bitcoin unless you bought them with fiat money.

Since you obtained all that Bitcoin through business payments, they are not subject to any tax, though that depends on the country you live in. What I'm writing applies to the US.