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
@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.
 

fuorissimo

Active Member
I have similar question.

Delaware LLC with bank account in US.
Owner non US Resident
Nominee director US Resident
LLC sell Bitcoin on Kraken Exchange (Usa)
Kraken send Fiat from Is US bank account to LLC bank account.

Profit are taxed in the USA or not?
 

fuorissimo

Active Member
I have similar question.

Delaware LLC with bank account in US.
Owner non US Resident (EU) and dont live in Usa
Nominee director US Resident
LLC sell Bitcoin on Kraken Exchange (Usa)
Kraken send Fiat from his US bank account to LLC bank account.

Profit are taxed in the USA or not?
 
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