Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2024 Poal.co

649
• (edited ) (+8/-0)
Taxes.

Sad to say but it needs to be mentioned. I'm not much for stocks but I have handled some crypto and like it more or less. Thing is Crypto trading is pretty much dead with the 'crypto is property' rule.

The only silver lining I see is the lack of a 'wash sale rule' which is actually cool. If you have crypto that is down you sell it then immediately rebuy itand can book the losses. Even if they are only losses for a moment. Sucha dangerous game though, I just choose the abject poverty method of tax avoidance Instead.

Ofcourse there are privacy coins and such but that is a dangerous game. Fatca stops the foreign transaction stuff by just doing it overseas. Idk. I just won't give away half my crypto bag to my slavers and torturers. I would rather never even touch it.

Sad to say but it needs to be mentioned. I'm not much for stocks but I have handled some crypto and like it more or less. Thing is Crypto trading is pretty much dead with the 'crypto is property' rule. The only silver lining I see is the lack of a 'wash sale rule' which is actually cool. If you have crypto that is down you sell it then immediately rebuy itand can book the losses. Even if they are only losses for a moment. Sucha dangerous game though, I just choose the abject poverty method of tax avoidance Instead. Ofcourse there are privacy coins and such but that is a dangerous game. Fatca stops the foreign transaction stuff by just doing it overseas. Idk. I just won't give away half my crypto bag to my slavers and torturers. I would rather never even touch it.

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (13).
[–] • 0 pt (edited )

Tell me moar. Do I have to physically remain there? What if I sit in the bay on a boat? Just rent a boat slip with an address then rent it out 90% of the year?

https://globalexpatadvisors.com/puerto-rico-taxes-how-to-benefit/ reading this now.

This means that moving to Puerto Rico will not shield you from paying taxes on capital gains or passive income earned before becoming a resident. No matter if you want to exit your company with a big distribution or have amassed huge capital gains, a one-year residency in Puerto Rico will not make any difference in your US tax burden.

Naw bro. It doesn't appear to work that way.

[–] • 0 pt

lol read it again, don't cash out your crypto until you move there.... then it's tax free, doesn't matter when you bought it, it's when you sell it that counts.

[–] • 1 pt

Man... That place is nigger central though.

[–] • 1 pt

our ancestors had no problem ruling over the nogs, we shouldn't have any trouble either, they are simple creatures, treat them as children, give them a riddle or a lolipop, and move along.

[–] • 0 pt

Realistically, the easiest way to avoid taxes is to dump into it a series of failing LLCs to "zero them out". Just buy rental properties under their own individual LLCs and write off everything so that you appear to have made no money.