[drenteria86]

Is there a limit to transfer from bitcoin wallet (sell bitcoin and convert to USD) to bank account without getting flagged?

[killawookie]

Is there a limit to transfer from bitcoin wallet (sell bitcoin and convert to USD) to bank account without getting flagged?

From all that I've read, everything through legit channels will be reported when going through an exchange. Anything less than 20k and you will need to keep track of your +/- transactions within the exchange when reporting gains for taxes. If money appears in your banks account from a source not tied to BTC, aka P2P, it will be slightly harder for them to know exactly what the transfer was for. But it could be all for nothing in the end if you get flagged to be audited and they require proof of everything. There is some grey area what what they will chase down since this is still new and rather loosely controlled but nothing will stop them from continuously continue to collect data on you along the way.