So, how the heck do you cash out if you ever hit like $1,000,000

>>3481464
Hire an accountant you stupid NEET.
Don't ask randoms on an image board for tax advice if you have over a million dollars.
Get a good accountant too, fly to NYC and talk to someone who fucking matters.

>>3481464
Its just capital gains, you'll have more problems finding a btc->USD exchange that will let you withdraw that much

>>3481464
You sell over time so you don't crash the exchange. You pay your taxes so no one comes after you.

>>3481464

they wont if you give them their cut.

just record your gains and send a check to the IRS for whatever % is the minimum you have to pay. it's not hard.

>>3481464
you can sell to the exchange if you want to sell it all at once. Like directly to them. Though of course, they buy at a discount.
Or just sell every couple hours

>>3481475
>>3481481
So just selling a little over the course of, say, a year is advisable?

>>3481473
>>3481492
Would you guys recommend getting a lawyer?

>>3481483
desu im glad that we just have one centralized mafia instead of a bunch of shitty inconsistent ones

>>3481483
> their cut

>>3481497
You don't need a lawyer, listen to >>3481473

An accountant is more useful than a lawyer unless you don't have access to the coins or some weird shit

cashing out $1,000,000 on any major exchange would make the price of BTC drop ~$100 for about 20 seconds.
If you pay capital gains tax afterward no one will come after you.
youre welcome

>>3481515
>>3481521
thanks

cashing out at that point is irrelevant. If where I want to buy doesn't accept bitcoin I just transfer to the bank