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BTC cash out tax question
Not planning to cash out but curious to hear from those who have cashed out - how did you go about filing taxes? Take UK as example - if selling a security at a profit there is capital gains tax to pay and one would evidence with trade confirmations from brokerage. But BTC is crypto right so no one should see your transaction until you cash out - without seeing your entry value how do regulators / tax offices enforce you to pay capital gains tax? submitted by /u/namo7amituofo [link] [comments]
Not planning to cash out but curious to hear from those who have cashed out - how did you go about filing taxes?
Take UK as example - if selling a security at a profit there is capital gains tax to pay and one would evidence with trade confirmations from brokerage. But BTC is crypto right so no one should see your transaction until you cash out - without seeing your entry value how do regulators / tax offices enforce you to pay capital gains tax?
[link] [comments]
