I’m sure everybody loves paying taxes, but I am no expert but say with this current drop In price if I moved bitcoin outside of the US and to an El Salvador wallet, would that be saving on the future sale of bitcoin or what would that look like for capital gains?
I’m asking for a friend, I already lost all my bitcoin in a boating accident.
Why not just move your bitcoin to a hardware wallet? I'm also not expert on taxes, but what advances that El Salvador? Yeah, I know that they have legalised and adopted bitcoin but I'm sure you have to pay government some taxes if you are holding your bitcoin in that country? Just friendly advice, not your keys, not your coins.