For those who have cashed out large amounts

[Anonymous No.5183032]

How did you go about it? Did you contact your bank before hand to let them know? Like if I were to send $100K to my account I'd imagine that would raise a few eyebrows.

[Anonymous No.5183054]

OHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH MUHHHHH DICK

[Anonymous No.5183143]

>>5183032
>Like if I were to send $100K to my account I'd imagine that would raise a few eyebrows

Why? What is your thought process? Why would the bank actively be tracking you? The banks don't give a shit what you do. It's the government you should be afraid of.

I don't know why idiots are so paranoid.

[Anonymous No.5183323]

>>5183143

No banks do look out for unusual activity. Most of the time it is with withdrawals. A thing that banks sometimes find suspicious with Bitcoin stuff is that they see crypto as shady.......... Maybe that is different now that Bitcoin is normie tier though.

[Anonymous No.5183368]

>>5183143

Banks do look for suspicious activity and I'm afraid they'll freeze my account if they see a large amount of money entering my money even though I'm planninig on paying taxes for this shit. I just don't want to get jewed out of my gains any more than I have to.

[Anonymous No.5183375]

>>5183323

I've seen a few posts about depositing, last year, and how the banks froze their accounts for a while. Account holder had to show how he made the money, etc...and they're now on a watch list.

[Anonymous No.5183385]

>>5183032
I have sauce

[Anonymous No.5183386]

>>5183143
>>5183323
It's true. My bank blocked all USD exchanges for me to send money to because they thought it was fraudulent activity. You have to manually go talk to them to lift the bullshit.

[Anonymous No.5183409]

>>5183143
>can't tell if stupid or from Switzerland.

[Anonymous No.5183425]

How is withdrawing in America? I read a post once that said anything over a certain amount need to be reported and taxed, anyone know the amount?

[Anonymous No.5183429]

>>5183032
Tonydumper

but only actual dumps on his tumblr

/thread

[Anonymous No.5183445]

>>5183143
Anything more than 10,000 is standard for banks to report or flag in western countries

[Anonymous No.5183500]

>>5183386
>>5183375

Indeed I have heard this too.... I would say speaking to your bank first, especially with something like 100k is not a bad idea. Just be as up front as possible, you have done nothing wrong.

[Anonymous No.5183508]

I sold half my portfolio in November, and sent my limit (50k/day) to my bank.
My checking account rose from $2,700 to over $350,000
Not a single question was asked.

I went to buy a house and pay it in full, and many questions were asked.

Had to provide my bitcoin transactions history, had to get a lawyer involved to prove it wasn’t laundered money as the real estate broker apparently can’t sell property with questionable money

Anyways, your bank won’t ask questions. When you buy property or huge investments, you’ll likely have to jump through a few hoops.

Also, the IRS knows, you will be taxed and if you don’t claim during tax season, you’ll get a letter at the end of the year with 4% interest accruing since the time you filed (so when the letter does get to you, you will owe your tax percentage + 4%)

[Anonymous No.5183562]

>>5183508

What bank do you use?


>Also, the IRS knows, you will be taxed and if you don’t claim during tax season, you’ll get a letter at the end of the year with 4% interest accruing since the time you filed (so when the letter does get to you, you will owe your tax percentage + 4%)

I have my entire trading history sorted out already, I will be printing everything out and giving it to an accountant after the money hits my account.

[Anonymous No.5183572]

>>5183445
I wonder if Coinbase reports if certain amount of crypto gets send to your account. They prolly do as they are practically bank at this point.