Post
Topic
Board Gambling discussion
Re: Sports winnings taxes
by
dimonstration
on 12/04/2024, 15:17:02 UTC
Hi I won 7 figures on soccer betting over the last few months and withdrew the crypto to my cold wallet, how can I sell this crypto and avoid paying taxes?

There’s no way to dodge taxes if you will use online services. If I’m on your situation, You should find a local P2P exchanger that can purchase your crypto in exchange for a cold cash.

It depends on your country but you can find a platform that has an OTC feature to sell your crypto. Avoiding the banks or any online transaction is the only thing you need to avoid if you want to dodge taxes. Your only problem is once an audit comes while you purchase things that is already above your total income while your bank statement doesn’t match.  Cheesy