I am thinking of pulling out some gains and had a few questions.
I was planning on using my ING account as I called them and according to the cs rep I spoke to they have no issues with freezing accounts regarding transactions involving cryptocurrency (unlike other banks) can anyone confirm this?
Also I was going to use btcmarkets to withdraw, how do they compare with coinjar in terms of fees?
And in regards to paying tax, how it works?
-
I was recently told that every transaction is taxable but I thought it was just after converting back to fiat?
-
how and where do I calculate the tax I will have to pay?
-
do I just declare it when submitting my return?
I have consulted my accountant who was not able to help too much, I was also considering consulting with fullstack accountants in Sydney if anyone has used/ recommend them? Any advice would be greatly appreciated!
[link] [comments]
from Cryptocurrency news and discussions. http://ift.tt/2ACx2fM
No comments: