Hello,
I have a B2X loan and I'm looking for any pointers or guidance on any potential taxation hurdles if I close out a B2X loan with my collateral...the scenario I'm envisioning is that Bitcoin increases to the point where the loan is now under 50% by a good margin and so by closing out the loan you're not doubling up but you're still coming out more than you put in.
In my mind I'm thinking this is a taxable event as I'm disposing of crypto, but am unsure.
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