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How to Explain 100k + profit from Grey/Blackhat sites?
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<blockquote data-quote="Ray" data-source="post: 9545" data-attributes="member: 3000"><p>Hi bhw fam,</p><p></p><p>So I wanted to ask as I have always had trouble with this side of things.</p><p></p><p>If I where to make a large amount of money lets say 500k in a year from a grey/black hat site like movie/NSFW etc. </p><p>Accept payments only in crypto.</p><p></p><p>How can I explain this to the tax department? What is the process?</p><p></p><p>Whoever could help me with this I would appreciate it a lot or even refer me to a thread where they have gone in detail on this subject <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p></p><p>Thank you all in advance.</p></blockquote><p></p>
[QUOTE="Ray, post: 9545, member: 3000"] Hi bhw fam, So I wanted to ask as I have always had trouble with this side of things. If I where to make a large amount of money lets say 500k in a year from a grey/black hat site like movie/NSFW etc. Accept payments only in crypto. How can I explain this to the tax department? What is the process? Whoever could help me with this I would appreciate it a lot or even refer me to a thread where they have gone in detail on this subject :) Thank you all in advance. [/QUOTE]
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