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Tax, Cyrpto and Cashing out

by /u/UKfraudShop · 1 votes · 3 months ago

Hey guys,

I've made a decent amount of crypto illegally and I want to cash out but im not confident on how to go about it and avoid trouble.

All my crypto has been exchanged to xmr and currently lives in my feather wallet in Tails. However how do i cash out and deal with taxes and not to make my bank suspicious of this sudden influx in wealth. Do you pax taxes do i even need to? The amount is above 50k below 100k for reference.

Thanks in advance for any advice.

Comments (1)
/u/Cloud · 1 votes · 3 months ago · Link

Don't cash out now, hold the crypto for the next few years until the next bull market