welter
@fun
has anyone withdrawn $20k or more of btc/eth to their bank account? how is it taxed? what's the best way to withdraw crypto to bank/cash with litte to no tax?
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Rudi
@finsus
Ask ChatGPT. Transferring assets is not a taxable event. Whenever you realize an asset it is a taxable event. Examples are swaps, trading crypto for Fiat and liquidating loans. You only tax the gains. I recommend keeping good books of all transactions you make, otherwise taxation may be hell. Good luck
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