Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LFC_Bitcoin
on 17/07/2024, 16:13:20 UTC
⭐ Merited by JayJuanGee (1)
Is getting back the coins a taxable event, even if you don't sell them? I'd expect you'd have to pay the gains tax only if you sell them.

I would imagine not, it’s only taxable if you sell and even then it should be at a lower capital gains tax rate rather than potentially higher income tax rate.

And if you reside in a country that taxes unrealised gains then get the hell out of there.