MarkZ

  In MarkZ

I do believe that exchanging into a trust or LLC will make a non-taxable event into a taxable event. That is why I will not be doing it.  [how sure are you there will be no taxes on the exchanges?]  Im about at a 95% sure there will be no taxes on this.  [Per Paris Agreement 2015, Countries agreed on ‘NO taxes for Currency Exchanges’]  I have heard this also…. [will we have some paperwork after an exchange about taxes?]  Yes…I have heard we will get lots of paperwork when we exchange…bankers want this to happen very badly.