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/biz/ - Business & Finance

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9224353 No.9224353 [Reply] [Original]

What's the best way of avoiding paying a capital gains tax, be it on stock or crypto? Can you somehow cash out a hidden Ledger directly to crypto.

>> No.9224366

local bitcoins? You sell it as you would sell an old xbox on craigslist.

>> No.9224380
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9224380

Directly to Paypal*

>> No.9224410

>>9224366
Yeah, by cash in person. Meet in a public place where nobody will dare to rob/kill you, transfer the coins, get the cash.
Decide for yourself if its worth the risk.

>> No.9224470

>>9224380
SAuce?

>> No.9224641

If I ever become profitable I plan on paying the tax to stay straight with the government, but that said, I've wondered why this does seem to be a more common suggestion; to buy gold with bitcoin and just turn it around at a dealer for cash. If it's small amounts none of it is reported, and any loss (less a catastrophic gold price drop) incurred from the dealer spread is still less than the tax.