How to avoid US treatment of cryptocurrency as an asset?

BillBong

Member
How to avoid US treatment of cryptocurrency as an asset?

If a non-us company say UK company purchases bitcoin, is that then safe if you the director are US resident?
 

darkster

Trusted Member
Business Angel
Mentor Group
Commercial Service
Not possible Uncle Sam will come after you regardless how you do.
 

jpearson

Jimmy
Mentor Group
@darkster Correct me if I'm wrong but trading with an offshore company where the US person is the director would have tax deferral benefits. It would be similar to trading stocks from a 401K where taxes are paid on the income derived from it, not on the capital gain of each trade.
 
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