Thread: Crypto $$$
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Old 31-12-2017, 06:07 PM   #298
Mercury Bullet
FF.Com.Au Hardcore
 
Join Date: Feb 2008
Location: WA
Posts: 3,705
Default Re: Crypto $$$

Quote:
Originally Posted by snap0964 View Post
How'd you handle the CGT when you sold ? I'm assuming too you only sold them off in the last few (five/six) years or so.
There are, but at least these guys are trying something better than lottery tickets and fixed interest (< 3% return).
Cant remember exact numbers as it was all handled by stockbroker and accountant but it was surprisingly little. Stockbroker was a family friend so got away with that for nix.

You would still cop capital gains on coins.
I would recommend a good accountant if cashing in a decent amount though. Yes it's a cost but worth it in my opinion.

I rode out 3? Recessions and gfc with those shares.
Would coins survive one?
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