I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? | |
Anonymous Coward User ID: 80610477 United States 12/29/2021 04:02 PM Report Abusive Post Report Copyright Violation | |
1776 2.0
(OP) User ID: 78344427 United States 12/29/2021 04:04 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80969408 United States 12/29/2021 04:05 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 If you sell its a taxable event. good luck. |
Anonymous Coward User ID: 22255432 United States 12/29/2021 04:07 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80610477 United States 12/29/2021 04:08 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? FED says there will be 3 interest hikes in 2022 and same next year Quoting: Anonymous Coward 80610477 I don't think that'll stop the money printer though/inflation that's already started they have to stop the printer and the inflation because it's canceling out the wage gains that lower-paid workers have made, they know the smell of revolution is in the air |
1776 2.0
(OP) User ID: 78344427 United States 12/29/2021 04:08 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 If you sell its a taxable event. good luck. I already sold the crypto, my crypto broker doesn't report to the IRS as that's on me to do if I want too.. but I know stocks are very much taxable SovereignProtector |
Anonymous Coward User ID: 81073493 United States 12/29/2021 04:11 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 81676118 12/29/2021 04:11 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 If you sell its a taxable event. good luck. I already sold the crypto, my crypto broker doesn't report to the IRS as that's on me to do if I want too.. but I know stocks are very much taxable Enjoy your stay at club fed, knowitall hotshot. |
Weisshaupt
User ID: 76349503 United States 12/29/2021 04:23 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 Why would you not leave it in crypto? Its gonna be a better store of value and move with inflation just like stocks.. t some point the fed pulls the rug out from under the stock market ( probably the day the dollar dies) - and then your dollar denominated assets are worthless- the crypto is its own denomination |
Anonymous Coward User ID: 80672364 United States 12/29/2021 04:26 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? this thread smells like a fishing op.. having said that, this government is illegitimate, so you dont have to pay taxes. |
Anonymous Coward User ID: 12963829 Australia 12/29/2021 04:26 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? if you put the monkey in the bank then the feds already know about it. if you buy a bunch of stocks they will know about that too. if you don't declare it they will be able to figger out the mystery of you not declaring it. and they will ask you where you got it. |
Anonymous Coward User ID: 22255432 United States 12/29/2021 04:28 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76088539 United States 12/29/2021 04:32 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 Since when is making money a problem? If I were you, I would have gifted a non-American friend or relative the funds when they were worth close to $0, and then have that friend or relative gift them back to me now that they are worth $107k. Non-American gift givers do not owe gift taxes, and you as a gift recipient owe nothing either. Do you have the crypto in private wallets or exchanges? It may be too late now to avoid taxes - but know, taxes probably will go up next year and beyond, so maybe take the hit now? |
Anonymous Coward User ID: 76088539 United States 12/29/2021 04:32 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 Since when is making money a problem? If I were you, I would have gifted a non-American friend or relative the funds when they were worth close to $0, and then have that friend or relative gift them back to me now that they are worth $107k. Non-American gift givers do not owe gift taxes, and you as a gift recipient owe nothing either. Do you have the crypto in private wallets or exchanges? It may be too late now to avoid taxes - but know, taxes probably will go up next year and beyond, so maybe take the hit now? |
Anonymous Coward User ID: 76088539 United States 12/29/2021 04:32 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 Since when is making money a problem? If I were you, I would have gifted a non-American friend or relative the funds when they were worth close to $0, and then have that friend or relative gift them back to me now that they are worth $107k. Non-American gift givers do not owe gift taxes, and you as a gift recipient owe nothing either. Do you have the crypto in private wallets or exchanges? It may be too late now to avoid taxes - but know, taxes probably will go up next year and beyond, so maybe take the hit now? |
Jolly_Roger
User ID: 10188504 United Kingdom 12/29/2021 04:33 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? time to offshore or discover the wonders of modern art “Looking for consciousness in the brain is like looking in the radio for the announcer.” - A Physicist "They've killed God, I can't feel God, my soul is dead." - Clot-Shot Trial Victim Unjabbed, untested, unafraid. |
Anonymous Coward User ID: 76088539 United States 12/29/2021 04:33 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 Since when is making money a problem? If I were you, I would have gifted a non-American friend or relative the funds when they were worth close to $0, and then have that friend or relative gift them back to me now that they are worth $107k. Non-American gift givers do not owe gift taxes, and you as a gift recipient owe nothing either. Do you have the crypto in private wallets or exchanges? It may be too late now to avoid taxes - but know, taxes probably will go up next year and beyond, so maybe take the hit now? Sorry for the repeated reply - not intentional. The browser failed a few times and I had to hit refresh, and the site won't let me edit/delete duplicate posts. |
Anonymous Coward User ID: 81676118 12/29/2021 04:41 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 Since when is making money a problem? If I were you, I would have gifted a non-American friend or relative the funds when they were worth close to $0, and then have that friend or relative gift them back to me now that they are worth $107k. Non-American gift givers do not owe gift taxes, and you as a gift recipient owe nothing either. Do you have the crypto in private wallets or exchanges? It may be too late now to avoid taxes - but know, taxes probably will go up next year and beyond, so maybe take the hit now? Sorry for the repeated reply - not intentional. The browser failed a few times and I had to hit refresh, and the site won't let me edit/delete duplicate posts. That’s okay, from the sounds of it, he already stole other investor’s money. I’m sure someone alerted the right people about his sale so he can pay taxes. |
BRIEF
User ID: 79662918 United States 12/29/2021 04:52 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 You are going to pay capital gains unless you bought it in a retirement account... Once you get a portfolio set up with a broker, you can move funds within the same company without realizing any capital gains taxes... Last Edited by BRIEF on 12/29/2021 04:52 PM I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
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Anonymous Coward User ID: 78378347 United States 12/29/2021 05:08 PM Report Abusive Post Report Copyright Violation | |
Jayhawker
User ID: 73157118 United States 12/29/2021 05:10 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 81551650 United States 12/29/2021 05:13 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? Okay so my problem is I've made over 6 figures(little over $107k) from close to $0(was early into a a startup crypto project) and I want to avoid paying for Brandons government programs via taxes.. but I want to move the money into my bank and into my stock broker's site.. how can I move it without flagging the IRS? Does anyone know? Quoting: 1776 2.0 The first thing you do is post on a public forum while logged in, that way it keeps it all super secret. Then you read the replies and post about which one you like and which route you'll take. That way, the IRS will never know. |
Anonymous Coward User ID: 79755087 United States 12/29/2021 05:14 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 68538675 United States 12/29/2021 05:19 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? |
Anonymous Coward User ID: 79755087 United States 12/29/2021 05:19 PM Report Abusive Post Report Copyright Violation | Re: I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how? So you want to diversify into real money huh? Well they got you on that too. 1) Pay 20% X 107,000 of former crypto money (capital gains). 2) Invest the remaining $86,000 in the stock market and pay the capital gains on that + the brokerage fees, etc. etc. |
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