Originally Posted by
Mac4Lyfe
How do I wash my bitcoin gains at CB? I'm thinking they will report it on withdrawals? I have a bunch of other wallets but not sure what my method should be yet? I'm still just buying but I probably should take a bit off the books. I'm thinking it's as easy as sending to bitstamp or another non US then send to bitpay card?
Fukk - I forgot Bitstamp has the following
Under the Foreign Account Tax Compliance Act (FATCA) foreign financial institutions are obliged to report financial accounts held by U.S. taxpayers or foreign entities in which U.S. taxpayers hold a substantial ownership interest.