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Do you know how you would get penalised? Is there no similar instrument in the US which allows you to not withdraw money & delay the taxation event?
by ck_one 4y ago
Do you know how you would get penalised?
Is there no similar instrument in the US which allows you to not withdraw money & delay the taxation event?
- purplepatrick 4y agoYou’d have to ask a tax attorney, but this exact scenario happened to a friend of mine who held his equity through a foreign entity. When he wanted to cash out, he was hit by an extra US tax penalty specifically for when you hold your equity through a foreign entity. I was in the same boat as you when I started my company and looked into the same kind of setup. I researched it at the time but cannot remember the details.