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Tax question Anonymous Tue Oct 8 12:53:48 2019 No.15852322 [Reply] [Original]

>have friend in europe
>gift him 10 million USD in bitcoin
>he cashes out in a 0% Capital Gains tax country
>He gets United States Citizenship, brings the money
>He writes me a check for 10 million, taking 9,985,000 from his lifetime gift tax exemption
This is completely hypothetically legal right?
Pic unrelated

>>	Anonymous Tue Oct 8 13:08:28 2019 No.15852472 bump faggots answer me

>>	Anonymous Tue Oct 8 13:29:09 2019 No.15852684 >>15852322 i could be your friend

>>	Anonymous Tue Oct 8 13:31:11 2019 No.15852698 >>15852322 When you send it to him youd owe taxes on your gains and gift taxes.

>>	Anonymous Tue Oct 8 13:31:29 2019 No.15852701 >>15852322 citizenship takes forever, timeline is not practical at all

>>	Anonymous Tue Oct 8 13:34:39 2019 No.15852738 >>15852322 what you need to do actually is set up a shell corp in a tax haven, pay that corp for some service in bitcoin (tax free) and use the corporation to cash out the btc and use the companies balance and assets to your convenience.

>>	Anonymous Tue Oct 8 13:44:04 2019 No.15852815 >>15852322 have the book but haven't read it yet. should I?

>>	Anonymous Tue Oct 8 13:45:18 2019 No.15852827 >>15852815 not really it's crap

>>	Anonymous Tue Oct 8 13:46:31 2019 No.15852834 >>15852322 >He gets United States Citizenship, brings the money kek

>>	Anonymous Tue Oct 8 13:47:36 2019 No.15852847 >>15852827 Your reply is crap, the book is kino. >>15852815 read it.

>>	Anonymous Tue Oct 8 13:47:56 2019 No.15852850 >>15852698 He's coming to the states for christmas. I'm planning on putting it on a ledger and "losing" it hypothetically

>>	Anonymous Tue Oct 8 13:53:08 2019 No.15852896 >>15852847 it's pure undiluted bullshit, shitty fiction and a cynical laugh in your face. but if you enjoy that sort of thing... you may also enjoy receiving bukakke.

>>	Anonymous Tue Oct 8 14:18:51 2019 No.15853131 >>15852322 If someone asks say he changed his mind and gave it to you as a gift. Hypothetically ofcourse.

>>	Microsoft Anon Tue Oct 8 14:58:18 2019 No.15853566 >>15852738 this is the only way. that or buy several transactions of physical gold. sell it to your local pawn shop that doesn't report. win win

>>	Anonymous Tue Oct 8 15:07:12 2019 No.15853653 >>15852850 >I'm planning on putting it on a ledger and "losing" it hypothetically well that part is fraud.

>>	Anonymous Tue Oct 8 15:10:13 2019 No.15853693 File: 665 KB, 482x866, 1564469144061.png [View same] [iqdb] [saucenao] [google] >>15852896 You sound like one of em communist professors

>>	Anonymous Tue Oct 8 15:19:59 2019 No.15853774 >>15853693 so you didn't read anything but felt the need to chime in? sounds like something a cum guzzling faggot would do.

>>	Anonymous Tue Oct 8 15:23:25 2019 No.15853815 >>15852322 My dad gave me this book like 15years ago and i read it Its ok I dont think much of it is revolutionary or anything

>>	Anonymous Tue Oct 8 15:24:01 2019 No.15853823 >>15852322 >lifetime gift tax exemption What kind of Jewish bullshit is this?

Anonymous Tue Oct 8 15:27:18 2019 No.15853859

>>15853815
well it's shitty fiction and completely butchers basic concepts like assets liabilities equity and cash flow. for the sole retarded reason that you pay this mongrel conman $20.

if you feel the undying urge to read it please just fucking torrent it! you will feel disgusted and ashamed for the wasted time by the end of it unless you are a total brainlet.

>>	Anonymous Tue Oct 8 15:28:37 2019 No.15853879 bump. more book discussion, please.

>>	Anonymous Tue Oct 8 15:58:50 2019 No.15854222 >>15853823 in the US, an individual can gift/pass on at death ~$11 million tax free (except for state gift/estate taxes). federal income taxes kick in above that threshold and are very steep.

Anonymous Tue Oct 8 16:09:13 2019 No.15854320

Give your friend your bitcoin private keys, then "borrow" the Bitcoin and immediately sell it. Your cost basis is the amount you owe to your friend, so you have no capital gains and owe no tax. Then have your friend write off the loan and they get a massive tax break for losses.

Anonymous Tue Oct 8 16:10:10 2019 No.15854331

>>15853879
It's a quick read. And if you found yourself onto this board, you'll already have some of his habits. The main point of his book is how to think to learn to invest. This sounds stupid, but trust me, you need a certain open mindset to get into investing and to stop making excuses as to why you can't do such and such. I'm sure half of us have shilled /our/ ERC-20 Token to our friends at 30 cents and got brushed off only to have them shocked that the price is where it is now. This is the difference of the winning and losing mindset that Kiyosaki talks about.

>>	Anonymous Tue Oct 8 16:10:35 2019 No.15854335 >>15854320 that's actually amazing... are you one of (((them)))?

>>	Anonymous Tue Oct 8 16:13:15 2019 No.15854360 >>15854320 This ignores the fact that you're gifting the bitcoin to your friend first without reporting it.

>>	Anonymous Tue Oct 8 16:13:24 2019 No.15854361 >>15854331 based. will read.

>>	Anonymous Tue Oct 8 16:14:46 2019 No.15854371 >>15852322 When traveling you need to declare if you have assets worth over $10'000 with you. Is his plan to hide the cheque? I'm also not sure how international cheques work. Pretty sure you get flagged if you try and withdraw 10mil.

>>	Anonymous Tue Oct 8 16:15:08 2019 No.15854374 >>15852827 Its not crap. I have tonnes of thise self help books and they are pretty good. Yes, we know the author is a criminal, but shit so am I.

>>	Anonymous Tue Oct 8 16:16:24 2019 No.15854389 >>15852322 >He gets United States Citizenship, brings the money Why the fuck would he have to do that? Also, why would anyone what to be citizen of the most evil tax nation on earth? >>15852738 >Doesn't understand CFC regs

>>	Anonymous Tue Oct 8 16:19:43 2019 No.15854420 >>15854371 He will write the check when he's a United States citizen, in the US, completely regularly. Hypothetically

>>	Anonymous Tue Oct 8 16:20:05 2019 No.15854425 Nobody in europe has checks, how would he even write one??

>>	Anonymous Tue Oct 8 16:24:31 2019 No.15854471 >>15854420 How big are the transfer fees from his euro to US bank? How long will it take him to become a citizen?

>>	Anonymous Tue Oct 8 16:26:27 2019 No.15854486 >>15854374 >I have tonnes of thise self help books and they are pretty good. i have no further questions or comments sir

>>	Anonymous Tue Oct 8 16:27:31 2019 No.15854504 File: 44 KB, 399x385, 1ewdzs.jpg [View same] [iqdb] [saucenao] [google] >>15852322 When did Jackie Chan start writing books?

>>	Anonymous Tue Oct 8 16:28:12 2019 No.15854514 >>15854471 Most fees are 30-45 for international wiring, and can cost 2-5 business days hypothetically

>>	Anonymous Tue Oct 8 16:58:24 2019 No.15854853 >>15852472 Just move to Puerto Rico...? No capital gains and you don't need to do trust your friend and worry about the IRS. Enjoy your crypto gains anon.

>>	Anonymous Tue Oct 8 17:05:46 2019 No.15854948 >>15854853 I have reasons to stay in the united states. I like it here also

>>	Anonymous Tue Oct 8 17:08:45 2019 No.15854994 File: 7 KB, 248x204, 1566829274829.jpg [View same] [iqdb] [saucenao] [google] >>15854948 Realize your gains...then come back? Puerto Rico is in the United States...? But whatever

>>	Anonymous Tue Oct 8 17:22:03 2019 No.15855143 >>15854994 Then I have to live there for a year (or minimum 183 days of permanent residency) also, it doesn't count for gains before becoming a resident in Puerto Rico, only after. It isn't as smooth as you neets think it is.

>>	Anonymous Tue Oct 8 17:26:03 2019 No.15855190 >>15852322 When he tries to cash out, his bank will inform the prosecutor and shit due to suspicion of money laundering or terror support.

>>	Anonymous Tue Oct 8 17:28:45 2019 No.15855235 >>15855190 He already has substantial amounts of the said crypto himself hypothetically. It also comes with a staking program that produces passive income hypothetically.

>>	Anonymous Tue Oct 8 17:37:54 2019 No.15855342 Yeah, if he's a citizen I think it'd work. But then again, the tax jew will find a way to fuck you somehow

>>	Anonymous Tue Oct 8 17:42:15 2019 No.15855382 File: 955 KB, 1345x1450, 31d994394ba067a4d6a5fc1e78f2872d9d4971e26a9939bc8ba1d42418fc7cf8.jpg [View same] [iqdb] [saucenao] [google] >>15852815 no, skip to the good stuff

>>	Anonymous Tue Oct 8 18:15:55 2019 No.15855732 >>15855382 Had to read The Goal for business class. Skip it, same fiction as Rich Dad Poor Dad. Unless you are planning to work with lots of inventory or in production. Skip it.

Anonymous Tue Oct 8 19:35:45 2019 No.15856605

>>15852322
well lets see, i dont think its legal because you gave him a million and then he moved to the usa, we all know that people with actually money arent going to give it away so either A you sell drugs and traffic them or B you are abiding in illegal immigration. either way your fucked and this wouldn>>15852684
t hold in court

>>	Anonymous Tue Oct 8 20:17:58 2019 No.15857072 >>15852738 Canyou actually buy shit like property with this method? Or does it fall apart under scrutiny of an audit?

Anonymous Tue Oct 8 20:22:08 2019 No.15857109
File: 1.46 MB, 1916x852, 91704957-21B6-4614-9574-CAF0F097FF0C.png [View same] [iqdb] [saucenao] [google]

>>15855143
What about gains that are still unrealized at the time before you become a resident. If you haven’t cashed out or traded at all and you move there, stay up to the designated amount of time and cash out, would that work? Assume to u can see via public address that everything has been sitting for years in a wallet and did not move the entire time before or during your stay

>>	Anonymous Tue Oct 8 20:22:25 2019 No.15857110 >>15855382 >boomer stocks >self help books Into the trash it goes.

>>	Anonymous Tue Oct 8 20:23:02 2019 No.15857115 >>15854389 Explain please, everyone is using shell companies?

>>	Anonymous Tue Oct 8 20:24:24 2019 No.15857131 >>15852698 >owe taxes on your gains not if its a gift

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