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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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24231526 No.24231526 [Reply] [Original]

Let's discuss the cashing out strategies for lowering the tax and also not getting freeze raped by banks after depositing the large sum.

My bank is BoA and daily withdrawal limit on CB is 50k and I've asked them to increase this limit, but never approved. How I am supposed to cash out $2M after the coming bull run? I am planning to pay my taxes, but wonder how one can use the available loopholes for lowering my tax.

>> No.24231596

>>24231526
im planning on converting it to usdc if needed. if you use binance on a vpn you can hold your profits in stable coins without kyc until the next year to spread out the tax liability

>> No.24232688

banks freeze you after depositing large sums?? wtf? how long are you frozen for