OvalkinDec 30, 2021 · 3 years ago2 answers What are the tax implications of earning 10 million dollars from Bitcoin?
I recently earned 10 million dollars from Bitcoin and I'm wondering about the tax implications. What are the specific tax rules and regulations that apply to such a large amount of income from cryptocurrency? How will the tax authorities treat this income? Are there any deductions or exemptions available for cryptocurrency earnings? I want to ensure that I comply with the tax laws while maximizing my after-tax income. Can you provide some guidance on the tax implications of earning 10 million dollars from Bitcoin?