Imagine that a 16 years old boy wants to invest $3,000 in BTC.
He is under 18 so he can't do it, but his father creates a trading account and let's the teenager invest as if he (the kid) was him (the father).
Two years lates, the kid is now 18 years old. But legally he owns $0 worth of bitcoin and his father owns $200,000 (price has gone up, etc)
What can they do to give the $200,000 worth of bitcoin to the teenager without paying taxes?
He is under 18 so he can't do it, but his father creates a trading account and let's the teenager invest as if he (the kid) was him (the father).
Two years lates, the kid is now 18 years old. But legally he owns $0 worth of bitcoin and his father owns $200,000 (price has gone up, etc)
What can they do to give the $200,000 worth of bitcoin to the teenager without paying taxes?
Teenage boy doesn't need to go through some major exchange can use something like localbitcoins/paxful. His father can transfer his money to him and in case of having 200,000$ lets say that kiddo can and will be able to buy some things for bitcoin directly without the need of the goverment to know that father has gave him the coins. Either way father can give him coins as a "gift" to the kid I mean srsly....
But if I could buy something with bitcoin (with high value specially) personally I would opt for that more or even buy something like gold or invest directly than to swap between fiat because of taxes. If price go up there will be more options to use it, today you can use it in a good way as well.
So, $3000/month as a "gift"
Expend btc instead of fiat when buying
Any other option?
I also though about selling the $200000 (from father account) and buying them from 18 year old at the same time. It should incurr a 0.25% fee ($500)
Since his father created an account for his kid. I assume that the father acknowledges that the money on his account are not his.
In that case you can just withdraw the bitcoins to a secure bitcoin mixer. As you know, bitcoin is pseudonymous not anonymous. What bitcoin mixer does is it confuses bitcoin transactions. You can use https://chipmixer.com for that. Fees are not required but you can always donate.
