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.
Like what others said, btc wallet don't have a location attached to it differentiating each wallet from one location to another, best bet is your friend should relocate to El salvasor in other to freely spend his btc if he so desire to avoid paying taxes,
however, am a bit curious how you manage to lose your btc in a boating accident, are you perhaps saying your btc was in a hardware wallet and was with you when you hard the accident? Maybe it fell off without you knowing! Just wondering how that happens.