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2021-01-16 11:30 26059228 Anonymous (49AAAF9D-FE50-45D0-B39E-B242FF27F385.jpg 1016x768 684kB)
How to evade capital gains taxes on crypto?
1 min later 26059246 Anonymous (1595559088367.jpg 800x596 52kB)
>>26059228
easy, just don't sell
1 min later 26059250 Anonymous
>>26059228
Never cash out
1 min later 26059256 Anonymous
>>26059228
If they got McAfee, then they can get anyone. Just get another x2 and pay your taxes.
2 min later 26059283 Anonymous
>>26059228
You should probably just take the hit, or discuss it with an accountant who knows what he's doing.
3 min later 26059286 Anonymous
Go see an accountant. There might be options that help you depending on your local jurisdiction and tax laws. Forming a corporation for instance might give you access to new capital gains loopholes. You might also have exemptions you can carry forward from past years.
4 min later 26059321 Anonymous
move to Portugal
5 min later 26059335 Anonymous
>>26059228
Sucks to be a Burger...
10 min later 26059446 Anonymous (pegging_set.jpg 700x466 57kB)
>>26059228
Make sure you hold longer than 1 year before selling. Don't sell anything you've held for less than 365 days because taxes are higher on "short term trades" i.e. <1yr
13 min later 26059517 Anonymous
Don't cash out, cash out when you have so many millions that you don't give a shit if a few mill gets taken away.
14 min later 26059548 Anonymous
>>26059256
this, Jamal deserves his fair share. Imagine where you'd be without him.
>>26059321
>moves to Portugal
>gets robbed by Moors
15 min later 26059576 Anonymous
>>26059228
Easy, quit your job. Cash out to the 0% longterm gains rate. How much is that again?
16 min later 26059594 Anonymous
>>26059228
Move to Hong Kong, zero capitals gains tax
17 min later 26059617 Anonymous
>>26059576
Right so, it's 40k per year you can cash out tax free.
18 min later 26059643 Anonymous
If I trade into a stable coin, is it still taxable?
20 min later 26059678 Anonymous
>>26059228
Pretty fucking easy if your crypto never touched a KYC Site
20 min later 26059688 Anonymous
>>26059643
Yes. Any sell, conversion, swap is a taxable event.
21 min later 26059708 Anonymous
>>26059228
buy cash on localbitcoins.com
21 min later 26059715 Anonymous
>>26059678
So, how do you avoid it hitting your bank ultimately? Gift cards? Some BTC credit card?
22 min later 26059722 Anonymous
>>26059228
hr block ?
23 min later 26059757 Anonymous
>>26059715
>Move to a country with $0 taxes on gambling winnings
>Play heads up poker against yourself on a new wallet
>Sell Crypto and declare it gambling winnings which it is
>No taxes 4 u
23 min later 26059758 Anonymous (1610764177257.png 959x735 901kB)
>>26059228
Don't be stinky, keep your linky.
23 min later 26059771 Anonymous
>>26059708
So roll up on a dude who has a briefcase with 1.4 mil in cash, sell him your crypto and then just go home and sit on the cash and spend it at the mini-mart?
How old are you?
24 min later 26059789 Anonymous
>>26059688
If I trade valuable yu-gi-oh cards for other valuable yu-gi-oh cards with my 12 year old brother, is that a taxable event?
26 min later 26059825 Anonymous
I’m an amerimutt with EU citizenship (but not Portuguese) and was wondering if anyone has any insight on how their crypto tax laws work. Would I have to marry some Portuguese girl or naturalize first?
26 min later 26059840 Anonymous
>>26059757
>Move to a country
>Covid being a bitch to all nations for the foreseeable future
Some of you guys work arounds really don't seem to have much real value or real world applications. Kinda like shitcoins.
30 min later 26059915 Anonymous
>>26059789
Collectibles are considered tangible personal property, and when sold for a profit, capital gains tax is owed. Collectibles like baseball cards(or in your example yu-gi-oh cards) and sports memorabilia are considered like-kind property and can be exchanged on a tax-free basis.
So exchanging/trading one for another is not, but selling one is a taxable event.
32 min later 26059949 Anonymous (82555746.png 1200x630 37kB)
>>26059228
https://medium.com/bitgreen/unlocki ng-bitgreens-potential-with-polkado t-88061d916300
37 min later 26060049 Anonymous
>>26059228
launder it through drugs
1 hours later 26060627 Anonymous
>>26059915
Seems like bullshit to me.
Trading crypto - crypto should be the same shit then.
Crypto is not a fiat currency. And in the world of computers it's actually tangible code - so why is there taxation for this kind of trade? Just because the taxman can't physically touch it?
Pure retardation.
1 hours later 26061441 Anonymous
>>26059228
Move to a better country lmao
1 hours later 26061515 Anonymous
>>26059825
Retard. If you have EU citizenship you can move to portugal no problem. You just have to live there for 6 months before you can become a tax resident.
1 hours later 26061519 Anonymous
>>26059825
>marry
So u prefer a 50% taxrate
1 hours later 26061561 Anonymous (1607414564929.gif 250x240 138kB)
>>26059228
I have no problem paying taxes. I will never move to a tax haven or fuck around with shell companies. I want my country to make it with me.
1 hours later 26061630 Anonymous
>>26061561
Jacqueesha will def spend your money wisely
1 hours later 26061675 Anonymous
>>26061561
This....what level of of sheep is this?
1 hours later 26061701 Anonymous
>>26061561
this but if my country wasn't teeming with african parasites
1 hours later 26061707 Anonymous
>>26061519
You mean 100% tax rate
1 hours later 26061825 Anonymous (1486240714201.jpg 885x516 32kB)
>30% capital gains tax where I live
>If you move, you are still obligated to pay the 30% tax for up to 10 years
>Even if you are no longer a citizen and have no connection to the country
Absolutely draconian, how is this shit allowed?
1 hours later 26061892 Anonymous
>>26061561
>I have no problem paying taxes. I will never move to a tax haven or fuck around with shell companies. I want my country to make it with me
Ideological mommy's basement dweller with zero tax paying experience confirmed.
1 hours later 26061901 Anonymous
>>26061561
>Subsidizing a million nigger parasite spawns is "making it" for his country
1 hours later 26061924 Anonymous (1605851139723.jpg 976x850 95kB)
Stop doing crimes.
1 hours later 26061947 Anonymous
>>26059594
what ? for nationals?
1 hours later 26061958 Anonymous
>>26059228
Live of staking/ yielding gains and only cash out below the tax level. We’ll have more options very soon
1 hours later 26061970 Anonymous
Easy, just buy non-shit coins where you can hold it for a year+ to cut your taxes in half.
1 hours later 26061983 Anonymous
>>26059228
Asset Backed Equity Line of Credit
1 hours later 26061992 Anonymous
Isn't it possible just to use a bitcoin ATM somewhere ? Do you have this in the US ?
1 hours later 26062020 Anonymous
>>26061561
your country hates you
1 hours later 26062035 Anonymous
>>26061825
>obligated
Just don't lmao they aren't going to arrest you in a new country
1 hours later 26062043 Anonymous (1610504839770.jpg 750x743 164kB)
>>26061924
Never.
2 hours later 26062091 Anonymous
>>26062035
Most modern countries have tax agreements with eachother. I'm sure I'll get flagged by the new government and they'll tell my old one to investigate.
2 hours later 26062108 Anonymous
>>26061630
IM SO SICK OF PAYING TAXES FOR THIS SHIT
2 hours later 26062124 Anonymous
>buy crypto on shite like binance
>make gains
>spend gains by buying shit with crypto
>don't get taxed
???
2 hours later 26062125 Anonymous (dj billybool.png 640x625 340kB)
>>26061924
No.
2 hours later 26062152 Anonymous
>>26061561
I wouldn't have a problem with that if the money is spend well but I know it goes to more immigrants, shitty bureacracy and propaganda so I really want to pay as little as possible.
2 hours later 26062178 Anonymous
>>26062124
That's fine if you wanna buy toys or food or something.
2 hours later 26062234 Anonymous
Do what rich does
- use corporations
- generate cash flow out of your asset- yield from crypto which is taxed favourably than CG
- push cashflow back to business assets (crypto)
- offset all costs including regarded gas fees/ exchange fees/ research cost etc.
- use tax loss harvesting. Keep a bunch of crypto bought at highs, sell them low during the fiscal year
Key to pay less tax is “how to effectively defer it”. Tax is a short term liability as a business and your job is to keep defering. If you are US citizen then read about laws around dividend taxation.
2 hours later 26062420 Anonymous (djbillybool.gif 600x336 2940kB)
>>26062234
>Do what rich does
Based. Thanks for the info
2 hours later 26062524 Anonymous
Hungary just made it so no one under 25 pays income tax, so there's that
2 hours later 26062562 Anonymous
>>26061825
that France?
2 hours later 26062581 Anonymous (34yv2ew.jpg 512x272 40kB)
>>26059228
2 hours later 26062609 Anonymous
>>26060627
Welcome to neoliberalism
2 hours later 26062656 Anonymous
Simple, put your crypto in a maker dao vault and get a loan from it which is not taxable.
2 hours later 26062671 Anonymous
>>26060627
Because the g*Vernment wants your money to ship more thirdies to your country
2 hours later 26062675 Anonymous
>>26061958
>more options
I'm not sure how crypto taxes will look in the future, but crypto is relatively new, and sure, tax code relative to crypto will sure be quite different in the future. I think tax administrations are gradually trying to adjust to crypto, and the current system is temporary, it's meant to change.
2 hours later 26062726 Anonymous (1607695024848.jpg 556x551 17kB)
>>26061630
>>26061701
>>26061901
>>26062152
>being such a seething retard that you honestly believe corporate and political nepotism doesn't rob your country's treasury of more money than social welfare does.
Nigs and sombreros soaking up tax revenue sucks, yes. But it's nothing compared to corporate handouts, political lobbying and tax evasion of big corporations.
I'm with you retards, but you're fighting the wrong fight.
2 hours later 26062769 Anonymous
>>26062726
I'm not fighting kek i'm complaining about it on an anime image board
2 hours later 26062899 Anonymous
>>26062726
Please explain how corporate tax evasion robs a country? Dumb leftist. There should be no taxes except on purchases
2 hours later 26062940 Anonymous
>>26062769
>>>/a/
you appear to be lost
2 hours later 26062944 Anonymous
>>26062562
Suomi
2 hours later 26062973 Anonymous
>>26062899
I agree, no taxes would be fucking great. I'm not a leftist, I'm just not deluded.
If we have to pay taxes, so should (((they))).
2 hours later 26062988 Anonymous (AE428145-E1E2-45E8-AEFC-8A4F1E207F73.jpg 500x583 88kB)
>>26059228
Never turn it back to the jew Note.
2 hours later 26063215 Anonymous
>>26059915
Arent coins considered like kind? I.e. trade my eth for link isn't taxable being like kind.
2 hours later 26063242 Anonymous
>>26059228
"Avoid" anon. Not "evade". Biz is a board of peace and legal compliance.
2 hours later 26063284 Anonymous
The right word is avoid. Not evade. Evading is just not declaring it, which you don't need to be told. What you want tis to avoid as much as possible and not to go to jail. In which case long term holdings are better.
2 hours later 26063286 Anonymous
>>26062988
CHECKED AND HAIL HORTLERD.
2 hours later 26063306 Anonymous
It absolutely should be taxed. None of you are buying crypto to actually use as a currency. Hardly anyone is. The whole system is supported by people who want to gamble. Maybe 10% of activity is legitimate C2B or B2B transactions.
2 hours later 26063338 Anonymous
>>26059228
Start a church and donate
2 hours later 26063362 Anonymous
>>26063306
Are you crazy? Its all currency; its just not usable yet. We're all in it for the 10-15 year game when these things are used simply as means of exchange the same as any other currency. The only gambling is guessing which are going to be useful.
2 hours later 26063401 Anonymous
>>26059228
Sir Officer this is not the site you're looking for ok do you want to buy vagene bob
2 hours later 26063506 Anonymous
Buy ETH p2p then trade on uniswap or synthetix
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