Tax-sheltered crypto

[crytpohodl]

Looking for tax-diversification.

I have purchased  most of my digital assets from exchanges but will be stuck with LTCGs whenever I decide to sell.  Recently,  I started purchasing OTC from trusts (i.e., Grayscale, etc) via Roth IRA.  I am contributing in conventional funds (no cryptos available in my employers plan) to the Roth portion of my 401(k) specifically to rollover into my Roth IRA when available.  

My concern is that premiums are high for IRAs that are geared toward digital assets.  They currently have a corner on the market until the SEC starts clearing cryptos/funds for public trading or legacy institutions (VG, Schwab, Fidelity, etc)  start offering an alternative to drive the admin fees way down. Anyways, the lowest prices I can find so far are from noted as below.  I hate to pay the premium but want that tax-free growth.

https://itrustcapital.com/
https://www.retirewithchoice.com/

Anyone have experience with either of the above or know of a better alternative?  

[Hydrogen]

Is renouncing ones citizenship. Immigrating to a country where 0% taxes are levied on crypto holdings. And becoming a digital nomad an option?

Record levels of americans have renounced their citizenship in recent years. Many immigrated to puerto rico where they pay only 4% income taxes. That would appear to be the optimal solution for anyone interested in cutting taxation. As well as a trend that is increasingly becoming popular over time. Especially with Biden's recent proposal to increase capital gains taxes to 40% for those with larger holdings.

I think the philippines were reported to collect 0% taxes on crypto to encourage digital nomads residing in the country. There probably are nice places with better healthcare, lower taxes and less social instability than the USA atm.

[crytpohodl]

Possible move to PR in the future.  Need to start planning if it's actually worth it for me to move or not.  However, I already have tax-free growth via Roth currently as stated previously.  My question is to find the least expensive way to get tax-free growth right now while I'm in America.

[disconnectme]

Possible move to PR in the future.  Need to start planning if it's actually worth it for me to move or not.  However, I already have tax-free growth via Roth currently as stated previously.  My question is to find the least expensive way to get tax-free growth right now while I'm in America.

I don't think there is any tokens that offers tax free profit and if you are not willing to migrate to countries where there is a tax incentives for  the rich, speak to your lawyer and he or she will guide you on what to do to cut your tax burden. If this new tax is implemented most people will Grin because of this and have huge effect on their wealth

[jackg]

Is renouncing ones citizenship. Immigrating to a country where 0% taxes are levied on crypto holdings. And becoming a digital nomad an option?

I think some European countries had no capital gains tax after a year also so you could move to one of those.


There are stocks you can invest in that manage funds and assets (eg miners) in crypto hardware over in the UK im not sure if there's the same over there but it might be worth trying to search for a "blockchain etf" that covers the industry BUT these come with less reward in the immediate term.

It's likely the premium paid on funds like grayscale are for the benefits you can achieve with it but it might still be worthwhile as it's a one off tax and not a compounded one.