01-26-2020, 03:04 AM
Has anyone moved to Puerto Rico to take advantage of the tax situation?
<!-- SC_OFF --><div class="md"><p>Has anyone moved to Puerto Rico to take advantage of the tax situation?</p> <p>I'm a US Citizen and I'm considering doing this. Right now I have a decent sized sum (mid 6 figures) in cash, ready to buy crypto. This cash has been taxed already.</p> <p>I believe that if I move to PR, buy crypto and then later sell it while being a resident, I can take advantage of the lack of capital gains tax. Is this correct?</p> <p>Thanks.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Has anyone moved to Puerto Rico to take advantage of the tax situation?</p> <p>I'm a US Citizen and I'm considering doing this. Right now I have a decent sized sum (mid 6 figures) in cash, ready to buy crypto. This cash has been taxed already.</p> <p>I believe that if I move to PR, buy crypto and then later sell it while being a resident, I can take advantage of the lack of capital gains tax. Is this correct?</p> <p>Thanks.</p> </div><!-- SC_ON --> Kind Regards R