3 ms·
That isn't the bank's problem, nor is it new. In the US, you are supposed to pay taxes on any profit, even if you don't get actual cash on it. Prizes from The
by Broken_Hippo 4y ago
That isn't the bank's problem, nor is it new.
In the US, you are supposed to pay taxes on any profit, even if you don't get actual cash on it. Prizes from The Price is Right? You gotta have the cash for taxes.
If illegal gains aren't exempt, I don't see a reason to exempt crypto. If you can't afford the tax, don't buy. (FWIW, they don't give you the price is right prizes unless you have cash upfront. Not getting the prize is you being poor or being tricked. I view crypto similarly.)