Thread 60669871 - /biz/ [Archived: 178 hours ago]

Anonymous ID: Lp9HxDC5
7/21/2025, 10:42:45 PM No.60669871
Screenshot 2025-06-16 at 1.14.03 PM
Screenshot 2025-06-16 at 1.14.03 PM
md5: 39905432006470b3b909f5883f00fc54🔍
If a man hypothetically inherited a rare coin from his grandfather under the table, would there be a good way for that to be converted into crypto without taxes having to be paid?
Replies: >>60669902 >>60669954 >>60669966
Anonymous ID: HhHY9NH/
7/21/2025, 10:48:10 PM No.60669902
trollface
trollface
md5: e7717ee8740b7240f7179f7bad071a25🔍
>>60669871 (OP)

>Have grandpa leave USB-C with crypto on in some random dumpster (you know where it is)

>Some random piece of paper has 12 words on it (his seed phrase)

>You magically discover this by coincidence

>Don't have to pay taxes because its not profit YOU made

yfw
Anonymous ID: dK4pt9hS
7/21/2025, 10:55:57 PM No.60669954
>>60669871 (OP)
Sadly no, because the market for something like a rare coin requires some expert to actually attest to its genuine nature, and it's not fungible so the buyer will want a record of it.

Hypothetically everyone involved could do it in a way that left no trace, and you could be paid in Monero, but that involves at least the buyer willing to engage in a risky activity (no recourse if the coin is fake) to enable your tax crime. Presumably such a buyer would at minimum want a steep discount on the price of the coin.

But do note that inheritance will normally come in tax free, and you'd likely only pay tax on the appreciation since the point you inherited. You can look this up easily enough, or, if it's a lot of money, simply pay an expert to explain it all.
Anonymous ID: e8pWFyS9
7/21/2025, 10:57:23 PM No.60669966
>>60669871 (OP)
There’s no inheritance tax for poor people in USA.