How Crypto is Taxed in Puerto Rico

For legal residents of Puerto Rico, cryptocurrency is tax-free, and corporations there only have to pay a 4% federal income tax. If Americans plan to stay in Bitcoin for the long term and anticipate making a sizable income from it, Puerto Rico may serve as a tax haven for them if they are unwilling to give up their citizenship. Once you become a lawful resident of Puerto Rico, selling significant quantities of cryptocurrency does not exempt you from the usual tax penalties with the IRS.

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