[Response to 10-2-2025 Guru Sandy Ingram post below] The IRC ( Internal Revenue Code)…allows a person, in the case of currencies, to determine the way in which you wish to declare your taxes. You may choose to pay the tax as Regular Income OR as Capital Gains. If you have receipts to prove long/short term capital gains…you may wish to pay tax as a capital gain. If you do not have receipts, like me, then you could declare it as regular income. It is not the bank’s job to handle your taxes. They are not the IRS. You do not need receipts to make your exchange in any circumstance. [dinar guru Note: Consult your tax professionals to determine the right taxes for your unique circumstances.]
