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Post by Allenj on Thu Jan 24, 2019 3:18 pm

[b][size=18][color=#c23b3b]Guru Breitling[/color][/size][/b][size=18]   Question: “[/size][i][size=18]Is the bank going to require anything from us upon a deposit exchange even when it’s millions or so[/size][/i][size=18]?”  [/size][b][size=18]No…the ba[/size][/b][b][size=18]nk is not the IRS.[/size][/b]  [b][size=18]The next step is the IRS.  Figure out…what it’s going to revalue at.  It might come in stages.  [/size][/b] [i][size=18]What if the dinar comes in at 10 cents at first[/size][/i][size=18]?  [/size][b][size=18]It all depends on you.  I’m not even going to speculate on what you should do. [/size][/b][size=18] I get emails all the time asking “what if it comes in at 10 cents how much should I cash in?”  I’m not going to answer those types of questions.  There’s no way for me to know.  It’s up to you.  [/size][b][size=18]But what you need to worry about is how you’re going to be taxed[/size][/b][size=18]…I think you’re going to be fine.  There’s a process to go through if it ends up being a lot of money.  [/size][b][size=18]Remember you’ll give the money to the bank and you’ll get a receipt.  It won’t be like a regular receipt it will be like a certification and then the money will go to the treasury and they are going to certify it and then once it’s certified that money is going to go into your bank account.  They are not going to give you a bunch of cash…that’s never going to happen.[/size][/b]


 
[b][size=18]what a idiot the IRS has nothing to do with the or RV, RD, or RI they are there to collect TAXES that it, if you don't pay them you will go to jail [/size][/b]




[b][size=18]you will pay taxes on anything above $200 you make on this exchange does not matter what market you are in  this right from the IRS Personally i do not believe that you or anybody are going to make 1 red cent off it, can i be wrong Sure i can but, don't think so[/size][/b]

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Post by Ssmith on Thu Jan 24, 2019 10:11 pm

Question: “Is the bank going to require anything from us upon a deposit exchange even when it’s millions or so?” No…the bank is not the IRS. The next step is the IRS. Figure out…what it’s going to revalue at. It might come in stages. What if the dinar comes in at 10 cents at first? It all depends on you. I’m not even going to speculate on what you should do. I get emails all the time asking “what if it comes in at 10 cents how much should I cash in?” I’m not going to answer those types of questions. There’s no way for me to know. It’s up to you. But what you need to worry about is how you’re going to be taxed…I think you’re going to be fine. There’s a process to go through if it ends up being a lot of money. Remember you’ll give the money to the bank and you’ll get a receipt. It won’t be like a regular receipt it will be like a certification and then the money will go to the treasury and they are going to certify it and then once it’s certified that money is going to go into your bank account. They are not going to give you a bunch of cash…that’s never going to happen.
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