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Avoid Going Broke or to Jail: Crypto Taxes and Legality with Del Wright & Tilt

GoodWill Yunting

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Using a Foreign Company for Crypto Trading

Dell: There's something that is floating around in my head that i haven't worked out details, but i understand enough about tax that it sounds plausible. If you operate your crypto trading through a foreign country, and let's say that foreign country doesn't charge income on your crypto gains,. Again, you absolutely have to pay those taxes in the us. But using that structure would allow you to at least simplify your reporting. It won't change the amount of taxes you pay one dollar, but it will avoid having to go through kind of the same kind of detailed accounting you need to do in the us."

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