RE: Bitcoin and taxes are a real thing!

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Bitcoin and taxes are a real thing!

in cryptocurrency •  7 years ago 

Hi @tolkatore. Besides selling Bitcoin person to person how would one turn it into cash anonymously(I meam some form of Bank Transfer, Credit Cards etc.)?
I'm guessing it's impossible.
But ofcourse everybody should follow their tax laws or else they might have big problems.

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Does Coinbase provide a paper for the tax forms?

By law, they would have to.

You can theoretically sell your BTC private... .

Bought if you bought it, they have records, so they could inquire as to where it is if the they ever chose to do so, and then they will realize that you sold it.

It's not only about selling, you would have had to of received the Bitcoin from a private seller as well.