Avoiding Crypto Tax

>bch
fuck off

THIS is what i've been thinking. I feel like it would be piss easy to hide gold/silver sales you know?

launder it

Damn that's absolute bullshit. If you don't mind me asking what's your portfolio look like?

Any Laundering tips?

apmex takes btc or bch you idiot. also bch is unironically the real bitcoin so fuck off
yes it is any transaction under 10k is not required to be reported to the IRS. but its better to hit several stores because obviously if you keep coming to the same store theyre going to catch on to you.

Yeah that would work. I've been thinking about buying bitcoin at a high transfering to Bullion, selling locally and then rebuying when the inevitable dump occurs. Seems like a good investment triangle although i'd still be taxed on the crypto trades so idk how well it'd really work out....

seems like gold shops around here take ID and record all your info, seems unsafe fren

Step 1: Hire Makeup artist
Step 2: Fake ID
Step 3:?????
Step 4: Profit
But in all seriousness i wonder if there are shops that don't

if you send btc to apmex without liquidating the btc to fiat then you didnt realize a gain. you only realized gains after you sell the gold or silver bullion, and you dont even have to report it to the irs unless youre doing more than 10k usd in transactions.
most shops probably wont even report to the irs if youre doing low amounts like maybe 2k-3k its a lot of paperwork. you could also go to shops in entirely different cities.

The only way to not pay american taxes is to give up your american citizenship, which isn't something you can just do on a whim, and doing so is incredibly stupid, like Roger Ver found out very quickly.

If you move elsewhere, no matter where in the world, you're gonna get hunted by the IRS and forced to pay your fucking taxes. It doesn't matter if you're in the Ural mountains, or a log cabin off the coast of Trinidad.

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>most shops probably wont even report to the irs if youre doing low amounts like maybe 2k-3k its a lot of paperwork
2-3k is under the reporting requirement so why would they?

>if you send btc to apmex without liquidating the btc to fiat then you didnt realize a gain. you only realized gains after you sell the gold or silver bullion, and you dont even have to report it to the irs unless youre doing more than 10k usd in transactions.
actually a conservative interpretation of current law is that you realize a gain at each juncture, crypto-crypto, crypto-bullion, and so on

important to keep that in mind

thats my point exactly
yeah thats what (((they))) say but are you really going to tell (((them))) every single fucking trade that you make? theyre just in it to rob you of as much money as they can. it is possible to be grey with your reportings. what do you think rich people do

Yeah they cant exactly prove that you didnt just order the Gold with FIAT and then exchange it for cash locally.

not disagreeing with you, just trying to enlighten and make sure people have a clear understanding of the situation

>thats my point exactly
nice
>tfw live in a rural area

you could probably even just move all your fiat into monero and then tell the irs you lost all the money with bad financial decisions. then move the xmr onto an offshore exchange like binance, buy bch, then buy bullion. boom boom DILDO UP THE IRS ASS.
yeah i understand what youre trying to do senpai

>yeah i understand what youre trying to do senpai

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OOOooooohhh i like this one

Buy XHV

Why are you autists replying to these crypto tax evasion threads? You do realize that you're now being watched right? You're basically giving the goverment free info on how to catch people.

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