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/biz/ - Business & Finance

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5275541 No.5275541 [Reply] [Original]

I run a business, and have put almost all of my profits into crypto. Tax season is coming, and I'm going to have to pay a grip on those profits, unless somehow I can spin my crypto purchases as a business expense, and then write the expense off on my taxes, thus not having to pay on those profits.

How could I do this? What ideas would pass as a business expense?

>> No.5275871

learn a little bit of coding: make a simple blockchain github fork experiment for each coin you own, and release some company news that you are moving resources into blockchain R+D. now all that crypto is an R+D expense

>> No.5276732

>>5275871
brilliant, thanks

>> No.5276778

Send to a tumbling site then back to wallet and say you lost it on confido

>> No.5277696
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5277696

>> No.5277752

>>5275871
yes. are you a jewish tax lawyer by chance?

>> No.5277792

>>5276732
Step two - put it all into monero, then report it as stolen.

>> No.5278525

>>5275541
Cash out in a foreign country.

>> No.5278626

>>5278525
there's nothing to 'cash out'. Im not trying to take crypto profits, im trying to turn my business profits into crypto, and write it off as a business expense