My first answer would be why declare it of no one knows about it?
But if you really really really want to pay capital gains tax on a sovereign stack, most govs allow you to declare and self-report anything even criminal activity revenue.
Discussion
But if you don’t declare it but you sell it for a big amount of money, I can imagine having some trouble with the bank where the fiat came from?
All pure hypothetical, I’m not considering selling. But I know a lot of people who are interested in Bitcoin but are still in the mindset to sell it one day for fiat. And I can imagine they would struggle with that problem receiving a big amount of fiat p2p
Sovereignty is not free and comfortable.
Spend as much bitcoin directly.
Don't sell a big amount at once, sell a little bit every day.
Use different bank accounts.
Sell for cash.
1000 transaction of 1k or 1transaction of 100k dont matter gouvernment will track it..they will see the 100k deposit ..the best is only accept paper cash or you sell your btc for gift card (visa amazon gaz)
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Ofc they track every bank movement. The question is not whether or not they track it but if they will block it or raise suspicions.
Small fiat transactions definitely help in staying below radar. Specially if you can make it look like it's just a recurring payment like a wage.
Thanks for the advice 🫂
you are better doing a big transaction than many small as they are illegal
Im selling for 2 years (stack growing) :)