US resident. Cyrpto liquidation

[xer cupter]

Hi everyone, could anyone advise on how to liquidate crypto holdings in the most tax advantageous way? Towards which bank account? Which jurisdiction? how? Thanks

 

[sglion]

Are you asking this because you are a US Citezen? Because, if that is the case, you want to see your options domestic, most banks are trying to ovoid this type of issue, If you are not, perhaps try some Caribbean island..perhaps, Belize

 

[negon]

xer cupter said:
Hi everyone, could anyone advise on how to liquidate crypto holdings in the most tax advantageous way?
Click to expand...

please elaborate a lot here on what it is you want to do!?

 

[xer cupter]

auric said:
please elaborate a lot here on what it is you want to do!?
Click to expand...

Lets say i luckily make money in crypto, i decide to liquidate my holdings and cash out. If i cash out and send that money to my bank account, i will get hit with a lot in taxes. What do you recommend to do to come out the most financially advantageous with this money?