Selling to Coinbase/Tax ?s

What is the maximum you can sell back to your bank without them getting alerted? Is it against the law to sell your crypto back without filing some sort of form? Do you only worry about capital gains taxes once that time of the year comes around? What is the maximum that you have sold to coinbase to put back in your checking account? What if you do it in small increments over a large span of time? Say, $200-$1000 every couple of days, but never $10,000 at once?

I feel we are in unchartered territory and I do not want to get fucked for unknowingly doing something wrong.

Other urls found in this thread:

en.wikipedia.org/wiki/Structuring
fortune.com/2017/05/21/irs-bitcoin-congress/
businessinsider.com/trumps-budget-chief-mark-mulvaney-loves-gold-and-bitcoin-2016-12
irs.gov/pub/irs-drop/n-14-21.pdf
twitter.com/NSFWRedditGif

What country

in US IRS gets an alert if you have funds going in and out of your account if the sum is 10000.

if you are using coinbase just convert it to usd wallet and release it slowly.

3k a month

If, say, you convert it to usd while eth is at a high and you convert it to usd before it dips, it will stay at the high dollar amount, right? Sorry if that's a retarded question.

How can you convert it to usd wallet in coinbase?
U.S.

>Say, $200-$1000 every couple of days, but never $10,000 at once?

en.wikipedia.org/wiki/Structuring

The IRS can still BTFO you. If you made it that big, lawyer up.

>In the United States, the Bank Secrecy Act requires the filing of a currency transaction report for transactions of more than $10,000 in currency (US or foreign).[2] Financial institutions suspecting deposit structuring with intent to avoid the law are required to file a suspicious activity report.[3] In 1986, the U.S. Congress enacted section 5324 of Title 31 of the United States Code,[4] which provides (in part):
>No person shall, for the purpose of evading the reporting requirements of section 5313 (a) or 5325 or any regulation prescribed under any such section, the reporting or record keeping requirements imposed by any order issued under section 5326, or the record keeping requirements imposed by any regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508—[...] (3) structure or assist in structuring, or attempt to structure or assist in structuring, any transaction with one or more domestic financial institutions.
>Section 5324 further provides that a violation of this provision may be punished by a fine or up to five years in prison, or both.[5] The filing of Form 8300 is required under Internal Revenue Code section 6050I.[6]
>Sums of money resulting from deposits of less than $10,000 may be seized after a warrant is issued based on a suspicious activity report. >Legal proceedings, which may cost in the vicinity of $20,000 or more, may be required for an innocent party to retrieve his or her money. Reports in October 2014 by The New York Times of arbitrary seizures resulted in modification of Internal Revenue Service (IRS) practice to focus on investigations that "closely align" with IRS "mission and key priorities.” >Banks are not permitted to warn or advise customers unless the customer asks, but sometimes bank tellers will informally warn customers.[7]
But how can they prove that you had the intent to "structure"? What if I make a bunch of small transactions that look suspicious...

/2 but I only am breaking up the payments to sell some at a high while keeping the rest in case the price continues to go up? This is so fucked. If the IRS want to they can totally fuck you to a point where you pay more in court and lawyer fees than you intended to take out in the first place. And where do your taxes go?
>who gon' take care of all dese keee-ids???
This just makes me hate leftists/liberals/Marxists more than I already do, which is pretty difficult.

And in Germany?
Heard that people move temporarily to the Netherlands to tax it there regularly as it's just 1%... Anyone knows about it?

is the 10k thing true? I know coinbase is in a legal battle now. I feel like the irs wants literally everyones records. I wonder if the irs is after coinbase specifically or if they're the only ones who put up a fight.