Is there a way to “sell” your own coin at any price to yourself?
In my country, there is no capital gain for crypto.
I am thinking.
Create my own coin.
Buy it at very cheap price. Say $0.00001
Sell it at higher price say $1? To who?
To a wallet I control.
Tada…. I got capital gain. I can claim my money is from that.
The thing is how do I convince my tax auditor?
Where do I sell?
Can’t be on decentralized exchange?
Can’t be on cex got to convince cex owner.
Hmm….
I wonder if some variation of this can help us reduce tax. Totally legally of course ;).
submitted by /u/Few_Needleworker8744
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