Fightrepreneur
Contributor
User Power
Value/Post Ratio
142%
- May 5, 2018
- 36
- 51
Hi TFLF.
Just quit my slowlane job to pursue TFL.
Im sitting on 5-6 figures of cryptocurrency profit and I really have no idea how to handle cashing any of it out. I want to get out a down payment for a duplex to start house hacking as my rent is a fortune (moving to a LCOL area from a super HCOL) which will stretch my savings months if not years while I pursue my first venture. I pulled out 10k this year already and have no idea how to pay taxes on it, H&R block was clueless
Has anyone cashed out 20-50k+ of crypto assets and how did you do it tax wise?
Just quit my slowlane job to pursue TFL.
Im sitting on 5-6 figures of cryptocurrency profit and I really have no idea how to handle cashing any of it out. I want to get out a down payment for a duplex to start house hacking as my rent is a fortune (moving to a LCOL area from a super HCOL) which will stretch my savings months if not years while I pursue my first venture. I pulled out 10k this year already and have no idea how to pay taxes on it, H&R block was clueless
Has anyone cashed out 20-50k+ of crypto assets and how did you do it tax wise?
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