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/biz/ - Business & Finance


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14441058 No.14441058 [Reply] [Original]

what is the best way to gift money from crypto and pay minimal taxes? let's say I have 5mm in LINK and want to gift my parents 1mm. should I give them the tokens and have them cash out or cash out and the gift them the money? let's say i've held these token over a year too so this would be long term capital gains for me

>> No.14441195

Depends on your jurisdiction dude, but with that amount it's probably worth talking to an accountant or tax attorney that actually knows their shit instead of asking an Albanian hair braiding forum.