[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 36 KB, 409x409, 8ABDEF85-51BA-46F0-8C57-B0C73D2F5086-343-0000008726B860C7.jpg [View same] [iqdb] [saucenao] [google]
10979492 No.10979492 [Reply] [Original]

How do I avoid the tax Jew while cashing out bitcoin? I've heard you can just cash out in small amounts but what do /biz/

>> No.10979514

>>10979492

fuck if i know i lost my life savings and i'm wondering how much the gubmint will give me back in taxes

>> No.10979522
File: 50 KB, 768x672, 00ACF54B-AC9A-48B9-8EC1-3D5888EAF12F-194-00000029D42165D7.png [View same] [iqdb] [saucenao] [google]
10979522

>>10979514
Sorry to here that anon

>> No.10979997

You don’t.
The IRS find out eventually When you buy a car or a house. If you’re going to be a poor fag then just take out less than 600. Anything withdrawals with 20k will be reported by your bank.
Just move to Texas and pay the minimum tax. Be on the good side of the tax Jew or else he will take everything and more

>> No.10980178

>>10979997
Actually your bank is required by law to report any transaction of 10k or more, however they can report anything to their discretion and you will never know
>>10979492
Buy gold or silver with bitcoin

>> No.10980201

>>10980178
Ah you might still get taxed selling your gold it depends on your local tax laws, there's no sales or capital gains tax on precious metals where I am