How to avoid paying bitcoin taxes.Pay ZERO Taxes on Your Crypto Gains With These Methods | How to Avoid Crypto Taxes in 2021

Saturday, 21 August 2021

 

How to avoid paying bitcoin taxes.The Secret to Legally Paying Zero Taxes on Bitcoin Profits

 
Dec 22,  · Cash Out Bitcoin Without Paying Taxes The Rules on Bitcoin Tax. Like any capital asset or investment, buying and trading Bitcoin results in capital gains or Avoid Bitcoin Tax with an IRA. Investing in an Individual Retirement Account, or IRA, that . Aug 31,  · 4 Ways to Pay Zero Tax on Cryptocurrency Gains. 4 Ways to Pay Zero Tax on Cryptocurrency Gains. There are 4 ways to stop paying tax on your cryptocurrency gains. If you’re tired of the IRS taking Buy Crypto Currency In Your IRA. Buy Cryptocurrency In . Apr 04,  · Some traders are using cryptocurrency as collateral to secure loans, allowing them to keep their bitcoin and get cash while avoiding capital gains tax. Due to the popularity of the option, the crypto loan industry has been growing rapidly. Crypto Loans and Tax ImplicationsEstimated Reading Time: 5 mins.

Post navigation.How to Pay Your Cryptocurrency Taxes and Stay Out of IRS Trouble

 
 
Jul 14,  · To avoid paying taxes legally on GBTC, you just need to find a tax efficient way to own GBTC stock. The most common way is your k. Or for the less fortunate, if Estimated Reading Time: 3 mins. Feb 21,  · You can give crypto as a gift, and it doesn’t trigger income taxes. That’s right, no income tax to you as the donor, and no income tax to the recipient. Of course, when the recipient transfers or Estimated Reading Time: 4 mins. Aug 10,  · In this post, we’re going to talk about how to avoid your cryptocurrency taxes, Bitcoin, Ethereum, whatever you are trading, how to avoid those taxes, reduce your taxes no matter where in the world you live, what citizenship you have. I’m going to show you all the strategies available to you.
 

 

How to avoid paying bitcoin taxes.How some traders avoid bitcoin taxes using crypto loans | CryptoSlate

 
Aug 31,  · 4 Ways to Pay Zero Tax on Cryptocurrency Gains. 4 Ways to Pay Zero Tax on Cryptocurrency Gains. There are 4 ways to stop paying tax on your cryptocurrency gains. If you’re tired of the IRS taking Buy Crypto Currency In Your IRA. Buy Cryptocurrency In . Apr 04,  · Some traders are using cryptocurrency as collateral to secure loans, allowing them to keep their bitcoin and get cash while avoiding capital gains tax. Due to the popularity of the option, the crypto loan industry has been growing rapidly. Crypto Loans and Tax ImplicationsEstimated Reading Time: 5 mins. Jul 14,  · To avoid paying taxes legally on GBTC, you just need to find a tax efficient way to own GBTC stock. The most common way is your k. Or for the less fortunate, if Estimated Reading Time: 3 mins.
 
 
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Cash Out Bitcoin Without Paying Taxes
The Rules on Bitcoin Tax
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They need to follow different regulations. The first thing that you need to look at is what are the tax laws in countries that are pretty close to you that you are comfortable moving to, that you are comfortable actually living in.

The income that is not taxed or is not considered a capital gains tax is buying and selling trading Bitcoin and cryptocurrency.

If you are an investor, if you are a trader in Bitcoin and in cryptocurrency, Portugal is really a haven right now for many EU investors and people really all around the world.

Other places might include Malta, Cyprus, those also have a really good crypto tax loss. For example, if you get tired of Portugal, you can just take your car or take a train and go to Europe, go Andora, go to many different countries all over Europe.

With Malta and Cyprus, you need to take a flight. They are boring islands. It is in the Schengen area. They really do their own thing when it comes to taxation. And I was there in Switzerland last week and it is a very, very complex. You could also move to other islands like Antigua in the Caribbean, which they also offer citizenship by investment. When it comes to US citizens, you are a different kind of your own because if you move out of the US like I did, you still need to pay capital gains tax.

None of the reductions that people that make regular income. It is called a Foreign Earned income Exclusion. Any capital gains tax that you make or any passive income that you make is tax no matter where you live at a regular tax rate.

That really sucks. The ways that you can really remove or really reduce your taxes are two of them. The first one is moving to Puerto Rico. Puerto Rico has great tax rates and great tax, basically regulations that you can use to move yourself to become a resident of Puerto Rico.

It is quite a small island. It will get boring. I, myself, am from Puerto Rico. I never want to go back. But if you are for that island lifestyle, the internet is not as good as other countries, for example, in Portugal.

You do need to move yourself, move all of your assets, move absolutely everything to Puerto Rico to prove to the IRS, prove to the US government that you are living in Puerto Rico, not just using Puerto Rico as a tax haven and then going back. What you can do is for example, you have your US citizenship and your grandma was from Poland and you can go through your family tree, go back to Poland, try to get citizenship by descent and you get a second passport.

Now what you can do with your US citizenship and your Polish citizenship is renounce your US citizenship. You can go to an embassy or a consulate, make an appointment, do the process to completely renounce the US passport and the US citizenship and that would therefore just make you a Polish citizen, and you would need to pay tax wherever you live.

You can then go and live in Portugal and then not pay absolutely any taxes on your crypto. You could also buy a passport through citizenship by investment. You can get that in six to 12 months. It is not as easy as somebody that is not a US citizen. They can just move to a cryptocurrency friendly jurisdiction. For you, you will need to either move to Puerto Rico or just drastically renounce your US citizenship, get rid of your passport, which a lot of people have done and a lot of people also criticize.

I was talking recently to an Indian national and he told me, everybody in India would love to have the US citizenship. Why are you renouncing it? Better you maybe live in another country, you get naturalized as a citizen in that other country, then you renounced or you buy a passport through citizenship by investment and then you renounce or you marry someone, get their passport and then you renounce to finally quit yourself of those particular regulations and not paying tax for the rest of your life on your Bitcoin.

That is basically all that you need to know about avoiding or the basics of avoiding cryptocurrency taxes. Make sure to comment down below your questions, anything that you want me to answer you. If you want to consult with me directly, you can book a one-on-one call with me. You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account.

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