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Step 2.5 Argue with Coinbase about if you're a legitimate owner or not Step 2.6 Coinbase blocks your account citing "Suspicious activity" Step 2.7 Sign up to
by CaptainOfCoit 2y ago
Step 2.5 Argue with Coinbase about if you're a legitimate owner or not
Step 2.6 Coinbase blocks your account citing "Suspicious activity"
Step 2.7 Sign up to three other exchanges, split the loot across them
Step 5 Argue with the bank about the source of funds
Step 6 Argue with tax agency that you'll fill out your taxes correctly
- School-Cotton 2y agoEven if this is true (and I suspect it's exaggerated), I'd be happy to go through this trivial amount of hassle for $400K.
- red_admiral 2y agoFor something like $10k-20k I bet you could get someone (good lawyer?) to solve those problems for you, leaving you with $399-398k. Worth the deal, I think.
- Biganon 2y agoThe math doesn't check out
- CamperBob2 2y agoHence the need for a really good lawyer
- kolinko 2y agoKraken would cause no problems for 2.5-2.7 Taxing this is super simple, you just mark as "other" - akin to finding money on the ground. Arguing with bank - which specific bank would cause problems here?
- sowbug 2y agoStill better than depositing $400K of cash in a US bank.
- cmcaleer 2y agoIf you have all of your ducks in a row this is actually much easier than it sounds.