WebApr 5, 2024 · 0:00 / 8:17 "I Lost My Bitcoin in an Accident" Tax Strategy Wealthy Expat 77.9K subscribers Subscribe 159 4.2K views 11 months ago The Old "I Lost My Bitcoin in a Boating Accident" Tax... WebThe boating accident thing . How do you cash out though? Edit we are not talking about small amounts, say few ten thousands because I need to buy a car. ... There are legal ways to cash out bitcoin and just pay the taxes. Below is a …
I had a boating accident but luckily my bitcoins are save!
WebIf the Bitcoin is transferred before the "accident" that would be observed as well. You can object, openly, to being taxed or declaring or whatever. There's no need to be surreptitious and, frankly, it hurts the entire concept of moral non-national money. WebIf you're a US citizen then you're always taxed by the IRS regardless of where you are on earth. So once you exchange your BTC for anything, then your tax is based on the dollar value at the time you exchanged the BTC. Example: You initially bought 1 BTC for 1000 USD. You sell/exchange your 1 BTC for whatever. cin number challan
Michael Saylor explaining the #Bitcoin boating accident …
Web“Boating accident” does this actually work or is it just a meme lol Fiat to btc, no fees. Btc to fiat tax. How do you do the latter if you were in a boating accident? Also how do you do this if you were kyc’d? Edit: to clarify i intend to pay taxes just noticed this being said a lot in a lot of serious interviews 10 comments share save hide report WebJan 19, 2024 · By the time their 1,020-foot-long ship pulled into Thailand on Wednesday, for an afternoon of bottomless drinks and crypto-focused talks on a sun-soaked private … WebMar 3, 2024 · Boat accidents tend to happen a lot recently. You can’t lose BTC, just your key. This means that technically you still have it until you sell it… This means you can be treated as such. I never understood this joke. If you hold it, you don’t pay taxes. dialed provided by scout