Money made during the bullrun

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Money made during the bullrun

I want to ask my more experienced crypto folks if someone makes some good money this bullrun like 100k would it be smart to move it off the exchange into a wallet and hold it as a stable coin like usdt till ready to cash out. If they hold it long enough it would minimize the taxes they would have to pay on said cash out.

Kevin Sung Answered question December 12, 2024
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Can’t do that in Aus, unsure about US, here in Aus the moment you swap a coin it’s considered a CGT event, liable to tax.

adrian ondachchi Answered question December 12, 2024
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