My vehicle is on its way out I think. For the last few years every 5k has resulted in a $1000 to $1500 repair. It needs another one now. So I’m considering unloading it. Money is tight and a large car payment isn’t something we can really do right now. I’ve considered selling some btc to offset some of the cost. Without going into too many details, I’m looking for advice or perspectives on a couple things.
One, selling seems to be a pain from a tax perspective in terms of computing the gains on the btc I sell. Has anyone gone through this? I don’t have much, but what I have is on cold storage. So I would have to sign up for an exchange and sell it there?
Is this stupid? Should I just avoid this at all costs?




