/biz/ - Business & Finance

I have a hypothetical scenario for you all about moving crypto gains into physical precious metals.

>anon knows of a reputable bullion site based out of Hong Kong (official dealer for all government mints, etc.)
>anon has made many purchases from this site in the past
>anon notices that the crypto price is almost the same as the cash price
>anon reads that the site uses BitPay to accept payments in crypto
>anon learns that BitPay won't ask for KYC for paying a BitPay Invoice, so long as the purchase is valued at under $3,000 USD
>anon doesn't want to pay capital gains tax on spending crypto though
>anon considers moving crypto gains into an XMR wallet on a non-KYC exchange, converting the XMR to BTC, and then using the BTC to pay the BitPay Invoice from the Hong Kong-based business

What risk is there that BitPay would report the BTC transaction to the IRS, linking it to anon, thus prompting the IRS to ask for the receipts for the BTC purchase in order to establish the cost basis for the capital gains tax, which would then show it came from a crypto-to-crypto transaction, linking the purchase to the XMR wallet and all complex series of crypto-to-crypto transactions that came before this?