Avoid US capital gain (legally?)

[A2xTrad]

Hi everyone, I live in Florida (0% capital gain tax) and will maybe relocate in a 20% capital gain tax state for other reasons.

I get more and more revenue from trading, what is the best way to reduce/avoid capital gain tax, inshore solution first then why not offshore if not too complicated.

Can trading through a company avoid this? I've read that not with a LLC because it's a tax pass-through entity, but what about other company forms?

Otherwise, offshore? What are the risks?

Thank you

 

[Martin Everson]

Your a US Person. Sorry you need to speak to a US tax advisor.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[A2xTrad]

Martin Everson said:
Your a US Person. Sorry you need to speak to a US tax advisor.
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Thank you for your feedback, I'm not a US person but yes, I currently live in US.

 

[JohnnyDoe]

A2xTrad said:
I currently live in US.
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this makes you a US person

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[blancmon229]

A2xTrad said:
Thank you for your feedback, I'm not a US person but yes, I currently live in US.
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Lol. Then why are you worrying about US capital gains tax if you're not a US person? US person does not only mean a US citizen. It is broad.

Also even though Florida doesn't have state taxes, you are still taxable for that capital gains on a federal level.

No way around it besides for moving to Puerto Rico or renouncing your Green card/US citizenship.