How to Avoid Capital Gains Taxes

Regardless of whether it's taxes on your crypto profits, your small business, or your freelance income, as long as you are location-independent, you can use certain legal tax benefits to avoid taxes on one hundred thousand dollars and more legally each year. This is not a gimmick. This information is based on IRS tax codes.

There are two tests for the Foreign Earned Income Exclusion, aka FEIE.

Taxpayers only need to qualify for one of the tests.

The IRS's exact words. If you meet specific requirements, you may qualify for the foreign-earned income exclusion, the foreign housing exclusion, and/or the foreign housing deduction. To claim these benefits, you must have foreign-earned income, your tax home must be in a foreign country, and you must be one of the following:

• A US citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year,

• A US resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or

• A US citizen or a US resident alien who is physically present in a foreign country or country for at least 330 full days during any period of 12 consecutive months.

You can use the IRS's Interactive Tax Assistant tool to help determine whether income earned in a foreign country is eligible to be excluded from income reported on your US federal income tax return.

If you are a US citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude your foreign earnings from income up to an amount that is adjusted annually for inflation (107,600 dollars for 2020, 108,700 dollars for 2021, 112,000 dollars for 2022, and 120,000 dollars for 2023). In addition, you can exclude or deduct certain foreign housing amounts. End of the IRS's exact words.

This video explains EXACTLY  how you can avoid taxes on crypto profits and/or small business income. This benefit is especially great for freelancers and digital nomads who meet the residency test.

Please do not disclose the contents of this course. 

We would like to keep this window of opportunity available as long as possible.  It is legal, it is popular and it is doable, as long as you are location-independent.

How Capital Gains taxes are calculated.

This video shares how wealthy people defer income by becoming "the bank" rather then using the bank.   How to use Debt to lower your tax liability is in Section 8

In this lecture students lean how to use debt to lower taxes and increase assets.  Check the link in the Resources for Schedule C Instructions - Section 16 on interest related deductions.

This lecture shares insight into the new tax loophole provided by a new tax code which eliminates capital gains taxes on profits rolled over into an Opportunity Fund Zone. Qualified investments are protected from capital gains taxes until 2026 or until they sell or exchange the Opportunity Fund Investment.