🧾#Taxes
2 articles
How to Convert a The5ers Payout to Yen: Rise → USDC → DAI → bitbank Fees and Tax Math (September 2026)
The actual steps I used to convert a The5ers payout to yen: receive USDC via Rise, send it to Trust Wallet on Arbitrum, swap for DAI, then cash out on bitbank. bitbank doesn't handle USDC, but DAI deposits on Arbitrum are free. Fees: 1 USDC from Rise to wallet, 0.2% for the swap, 0.12% to sell on bitbank. Tax treatment splits into three parts because USDC is an 'electronic payment instrument' and DAI is a 'crypto asset': the payout itself, USDC's FX gain/loss, and DAI's trading gain/loss. Includes a worked example for a $3,545.67 payout.
[2026 Edition] Prop Firm Taxes and Filing Guide for Japan: Covering the ¥1.04M Basic Deduction
Is prop firm payout income classified as miscellaneous income or business income under Japanese tax law? Covers the ¥200,000 side-income filing threshold, the basic deduction for full-time traders (up to ¥1.04M confirmed for 2026), and expense claims, fully updated. Also covers automating your records.