What steps can I take to minimize my crypto taxes in Puerto Rico?

1 answers

• Dec 17, 2021 · 3 years ago
  Reducing crypto taxes in Puerto Rico is a hot topic among investors. One effective step you can take is to explore the benefits of Act 22. By becoming a resident of Puerto Rico and meeting the requirements of Act 22, you can potentially lower your tax liability on crypto gains to just 4%. However, it's important to note that Act 22 has specific criteria and ongoing obligations that must be met. To ensure you're maximizing your tax savings, it's advisable to consult with a tax professional who specializes in crypto taxation and is familiar with the laws in Puerto Rico. They can provide personalized guidance and help you navigate the complexities of minimizing your crypto taxes.
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