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/biz/ - Business & Finance

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2437002 No.2437002 [Reply] [Original]

Anyone have experience with selling large amounts of Bitcoin IE $20,000. plus from Coinbase directly to your bank account?

What did your bank/Coinbase think about it?

>> No.2437112

i don't think they say anything but it gets reported to the irs

>> No.2437120

>>2437002
the irs will be in your asshole if you link fiat to your credit card in high amounts , i always tell you idiots dont use your credit cards or debt cards for fiat

>> No.2437200

>>2437112
>>2437120
The fuck does that matter? Just report the gains on your taxes at the end of the year.

>> No.2437240

>>2437112

your bank/coinbase shouldn't give a single fuck, and 20k is not "large" by coinbase standards.

>> No.2437260

>>2437200

This, I assume a lot of people on here forget about taxes or think they will evade them

>> No.2437266

>>2437260
can't they close your bank account if they see a huge sum of money going in all at once?