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.
In the U.S., simply moving bitcoins is not a taxable event. Furthermore, bitcoins don't exist in any location. You can move them from one address to another, but you can't move from one country to another.