/biz/ - Business & Finance

>>13247323
Tell us how you failed this simple task please dingus.

>>13247347
They said it was because coinbase.com is a suspicious transaction

>>13247389
get a new bank

>>13247389
The absolute state of those kikes.

>traditional banking system

>>13247389
Convert to USD on coinbase, open a new bank account, deposit funds

are you retarded?

>>13247389
Did you cultivate an amicable relationship with your branch manager in the years before cashing out? Did you get an accountant? Did you pay your taxes? Did you ask for a meeting with your bank manager to go through all the AML paperwork before sending the money from your fiat/crypto gateway account to your bank account, to prove the source of funds was not criminality? The answer to all those should be yes. Cashoutisameme is a meme

>>13247475
or just don't use a bank at all, and live off crypto

I've cashed out $60k to bank for tax purposes no problems. Get a better bank, I guess?

>>13247323
how much was it?

>>13247323
Every fucking day with you posting this bullshit. Get fucked faggot

>>13247529
>Did you pay your taxes?
How would one pay taxes without cashing out first?

>cashing out
5 years from now you'll be able to use crypto anywhere from buying a house to shopping at walmart

>>13247633
Bong here. You're right it is a catch 22- to an extent. When I cashed out in tax year 2016-2017, I submitted a (can't remember exact name) form of capital gains declaration to HMRC, who promptly sent a letter back saying "pay us what you just told us you owe us". That letter was part of the AML paper trail with the bank, the rest was correspondence with my accountant, and proving the funds that had originally been invested into crypto were 1.) owned by me and 2.) had tax paid on them prior to going fiat-crypto

>>13247621
A jew will never stop jewing until it is gassed.

>>13247866
Maybe meet with bank manager first with all the tax information and transaction history ready, then transfer funds to bank to pay taxes?

>>13247866
This also makes me wonder, how did those bitcoin and ethereum millionaires cash out then?

>>13247323
Not this crap again. Reminds me of fall 17 lol

>>13247905

That ETH dude cashed out billions and paid taxes on them. Guess it's easier when you have connections.

>>13247911
Bullrun confirmed

>>13247918
I'd wager most eth and btc millionaires are not really the type to have high connections, I wonder how they cashed out.

Cashed out $100
Received $20
WTF

>>13247898
Exactly right. Get your cash in USD or whatever in your fiat/crypto gateway, then sort out the tax while it's there and not in the bank. Third last thing you do is notify taxman that you have a capital gain to declare. Penultimate thing you do is transfer to the bank. Final thing is pay tax on the transferred sum.

There's a Bitcoin ATM near my apartment block, lol, I never bowed to the KYC Jews

I pity the Americans, 2bh

>>13247866
>thinks back to cryptsy, coinedup, countless other exchanges and all of the dead shitcoins along the way
OH GOD NO PLEASE NO PLEASE BE A LARP DEEP BLUE ITSELF COULDN'T UNTANGLE THAT FORGOTTEN MESS

>>13247323
Thats why we need decentralised crypto

>>13247983
So to repeat the proper order:
1. Cash out to USD on Coinbase
2. Contact and meet with a bank manager with my tax information and full crypto transaction history ready to present to him
3. Once the bank understands the situation, transfer the money to my bank account
4. Contact my CPA with my form 8949 ready to pay capital gains tax
5. Pay all the capital gains taxes

Does this look right?

>>13247323
How much?

>>13247323
Just go all in on FLO until the problem is solved

https://medium.com/@valueprop/the-state-of-the-flo-q1-report-2253e7d9fc2e

>>13248038
>Bong, so make sure you find an accountant and not some faggot on an Indonesian armpit sniffing imageboard as your tax advisor
Switch 4 and 3, so you can show the tax paperwork to the bank that you are paying the good goyim tax. Technically they shouldn't be involved in the stage after they've checked the source, but it's a good idea to shows extra transparency and makes sure they don't fuck you about. Remember your bank manager might be a boomer who believes the "terrorists and drug dealers" fud. Don't hang around making the transfer after this either, as you really don't want the exchange to get h@xx0r3d after you committed to being taxed on your gains

>>13247985
The Americans pity you if you’re in Europe with all the hairy ass females and wrecked teeth citizens drinking tea and eating crumpets like it’s still the 1800s

>>13248096
>as you really don't want the exchange to get h@xx0r3d after you committed to being taxed on your gains
What would happen if I transferred the funds to my bank first, THEN meet with the bank manager to prevent this from happening?

>>13248117
Don't know but as a guess, the bank would freeze your account and investigate you. Look on warosu for "froze my account" for examples

>>13247529
seriously, this larping anon is dumb

Oh I remember someone from here some months ago who wanted to cash out but got huge problems from his bank. Hope you're still here anon and managed to shit on the bank in the end

>>13248102
I'm Polish, you got nothing on me

The women you call 10s are 7s over here, nigga

>>13247323
nice try dumbfuck. non retards cash out with no problems. i've cashed out a metrick fuckton

>>13247925

>>13247323
lol at this meme coming back

>>13247529
How do you pay taxes on your gains before you even get access to your money

>>13248255
wtf I love poland now

>>13248264
How did you do it anon?

>>13248264
What? how? As soon as my bank gets the wire transfer they will just close my account. The wire transfer will probably be lost in the cloud and I'll never see my money again.

buy gold