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.
Wallets are not banks they are not tied to a certain location, the wallet that you think you created in the US is probably somewhere in a data center random in the world depending on the nature of the wallet, so the idea that you have to avoid paying taxes is not gonna work, as long as you physically live in the US you are going to be a subject to it.