Post
Topic
Board Legal
Re: Tax obligation for personal Bitcoin traded to Fiat
by
zasad@
on 30/08/2023, 11:37:54 UTC
If I transfer BTC into my Coinbase account from a personal wallet, and then sell my BTC for Fiat/USD... am I subject to tax obligation?

If yes, how much? In other words, what type of taxation am I subject to?

Intuition says there is no tax, for this is not income, is this true?
Before any action with cryptocurrency, I would read several articles.
https://coinledger.io/blog/cryptocurrency-tax-rates
You should never use intuition in tax law because it leads to penalties.
In such a case, the most important question is which country you are in and whether you are a tax resident of that country.