<prompt> Human: Ive got a little over 1M in Bitcoin thanks to the surge in price this year and in the last few days. Im holding on to most of my portfolio but getting ready to sell around 100k to pay off my condo. Im keeping the rest in Bitcoin for now. Do I owe taxes on the sale? Will it be like 100K in income? My taxes have always been really simple, so Im not sure where to start.  <response>: Do I owe taxes on the sale?YesWill it be like 100K in income? 100K minus whatever you spent on them in the first place, minus any other capital losses you can take this year. My taxes have always been really simple, so Im not sure where to start.By taking about 200 out of that 100,000 and sitting down with a tax professional. 