Post
Topic
Board Legal
Re: Any way to take the bitcoins out of the U.S. ? Tax Free?
by
virtualmaster
on 29/04/2014, 19:14:15 UTC
If you bought your bitcoins when they were cheaper then now then your gain is not taxable as it is an unrealized profit:
http://www.investopedia.com/ask/answers/06/realizedprofitsvsunrealizedprofits.asp
Only when you sell them you need to tax the difference because it will be a realized profit.
This is valid for any asset.
You can select when and where will happen this event and create the proper environment to optimize your tax.