Avoiding gains tax

[Anonymous No.10261422]

Burger here. Made some very profitable trades in January of this year and have simply held since then. I am way down, however owe about $40k in gains taxes for next year if i dont do anything else as of now. Should I sell all my coins and buy back in, since that will lock in my losses from selling low? What would be the best way to accomplish this with the lowest fees?

[Anonymous No.10261449]

Google wash sale. You're welcome.

[Anonymous No.10261456]

Apollo's blockchain has a feature for tax avoidance. not fucking joking.
get 3000 for free by chatting with telegram bots. You're welcome.

t.me/apollobounty_bot?start=CgGuXSXv7CUPFQvc2MrBT2

[Anonymous No.10261459]

>>10261422
That’s your best bet other than seeking a deferral which seems stupid since you can easily sell and just buy BTC again and honestly probably scalp a better stack and pay LESS taxes

[Anonymous No.10261474]

>>10261456

>Apollo's blockchain has a feature for tax

Lolled.

[Anonymous No.10261488]

>>10261422
All in BCH. Screencap and thank me later.

[Anonymous No.10261502]

>>10261474

post your apl address and I'll send you 1k. respect young anon

[Anonymous No.10262062]

>>10261449
So it seems that wash trading is illegal for stocks and securities, but since crypto is classified as property I can wash trade? If they're going to fuck me and claim crypto to crypto is taxable, I'm going to fuck them and wash trade for a tax deduction.

[Anonymous No.10262249]

You can sell low, then move into another asset and you have to wait 30 days to move back (if you want to create a loss)

Or I mean just ride it out really.

[Anonymous No.10262283]

>>10262249
I just don't want to be paying for gains that I don't have

[Anonymous No.10262757]

>>10262283
Research tax loss harvesting and wash trading