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Shouldn't that person start by provisioning for their taxes? The tax liability of such a position is probably around 6 to 8 millions depending on the country th
by bgia 9y ago
Shouldn't that person start by provisioning for their taxes? The tax liability of such a position is probably around 6 to 8 millions depending on the country the person lives in.
- throwaway91111 9y agoI thought you had to pay on cash out, not distribution.
- xor1 9y agoFrom what I know, in the US, you're responsible for tax when using cryptocurrency as an actual currency for transactions. But I don't think you have to do anything if you're just giving it away.