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Would really love just to speak to someone who has already cashed out and went through the tax process
Been in crypto for about 4.5 years now, I would like to finally take some profit off the table looking to cash out 20% of my portfolio.
Very lost with all the tax implications. I hold an average of 8 coins . Always bought BTC with cad and traded for an alt and held..
If I take out 20% into cad what would I need to prove ? The regulations indicated on the CRA website is clear but confusing when put into practice.
Do I just find my average cost price vs the price I sold at?
What about the alts? My average cost price from BTC to that alt and the price I sold at? Can it be that simple?
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- 3 years ago
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- reddit.com/r/BitcoinCA/c...