Puerto Rico’s 0% Crypto Tax (Act 60): Too Good to Be True? 🤔

Thinking of moving to Puerto Rico for that sweet 0% crypto capital gains tax? Hold up—there’s a lot you need to know before packing your bags! 🇵🇷💸

Before you pack your bags, you need to know the risks, requirements, and IRS red flags that could cost you thousands (or even disqualify you). In this video, we break down Act 60, the residency rules, and common mistakes that could trigger an IRS audit.

Here’s what you’ll learn:
🔹 How the IRS tracks Puerto Rico tax residents (and what they look for)
🔹 The 3-year rule that could make or break your tax savings
🔹 The “Closer Connection” test that could disqualify you
🔹 Why just moving to PR isn’t enough to secure the 0% rate
🔹 Common IRS audit triggers

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📜 Disclaimer
The content in this video is for educational and entertainment purposes only. While we aim to provide accurate and up-to-date information about cryptocurrency taxation, this is not intended as legal, tax, or financial advice. Always consult with a qualified tax professional to ensure compliance with IRS regulations and accurate reporting of your cryptocurrency transactions.