If you put crypto in a Roth IRA (pay tax up front) and the crypto grows in value... wont you still have to pay capital gains tax on it when you take it out (in the event that it is worth more then when you bought it)?
@@NorthwestLights206 Nope. The basic idea of roth is, it grows tax free and you take it out after qualifying age tax free. But you need to make sure everything is good while investing from roth.
dude, your channel is literally a gift from the heavens. I have shared your channel with so many friends and family members of mine and you really have helped me explain so many things to people that I never could’ve done on my own. Please don’t ever stop making these videos🙏🏼
My first investment with Frank trading services gave me profit of over $24,050 and ever since then he has never failed to deliver and I can even say he's the most sincere broker and trainer I have known
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise .I can boldly say that forex and crypto is one of the profitable money exchange services that elevates investors and their financial status
Trading system allow you to limit the factor of emotional influence on decision-making, That's why I took this opportunity so serious, now I trade with expert Mark Anthony Henderson and I have been making a lot of profit even in the dip
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
correct me if I'm wrong, but coinbase or binance aren't required to report to the IRS until 2024, when they have to send 1099Bs to the IRS and traders. BUT, the IRS certainly can ask for thr transactions and these exchanges have to comply
@Lethabo Williams wow I'm just shock someone mentioned and recommended expert Mrs Galia Benartzi I thought people don't know her,, she's really awesome!
*When it comes to the world of Crypto, Most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance*
Expert Mrs Betty Harris have an intellectual strategy that cut down losses. I have the best investment with the aid of Mrs Betty Harris . She's friendly and have easy to get along with in terms of signals and investing tips
Expert Mrs Betty Harris has aided so many newbies including myself. I've 12wins from forex trade with her help. Thanks to her strategies, she's really the best. I've made $16,400 in 18days working with her
13:00 correction: when you pay income tax, you are not paying that tax to your govt. You’re paying it to the IRS. Which is not a govt agency. Fun fact: neither is the Federal Reserve. Wanna see how income tax is a giant scam with no actual law saying you need to pay if? Watch Aaron Russo’s movie America: From Freedom To fascism. It’s quite fascinating.
Great video as always! One good thing to note about IRAs, cypto or not. A big benefit is you can buy/sell/trade within the account without having to account for all these transactions on your taxes
As a beginner who don't understand how bitcoin trade really work and you really want to make profit from it. I will advise you to first start working with a professional broker
@Claire Gavin Haha you don't have to be surprised about expert Mrs Laura trading service she's really good and everyone love genuine services, she has helped me recover what I lost trying to trade on my own
There's a great video online explaining the CRT scenario and even has a bonus strategy to take care of the family as in additionally oh ok he covered it here too.
Thanks for sharing such valuable information! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
You have to pay taxes on property yet you have the right to own property outside of the government's jurisdiction, without me saying to much, you can actually avoid paying taxes completely if you understand why you fall into the authority of the government to pay taxes in the first place (legal persons)
@@MrDamon888 the actual tax is lower, because when we pay taxes we are getting medical insurance, but if you work in internet you can evade taxes with gifting or crypto
Only way as a US citizen to pay less crypto taxes: 1. Hold coin\ token for more than 365 days. 2. Start a CRT (charitable remainder trust) 3. Leave the US and realize that it WAS the best country, but now it isn’t. Cheers.
FYI Puerto Rico is still part of the US. No worries, it’s a common mistake! It’s not a state, but US federal laws apply (different tax laws for investments and income generated in Puerto Rico). It’s residents are US citizens .
Your videos are really informative and concise, but please fix the slight reverb. You should think about how to sound proof the room you record your audio in.
Wonderful video on crypto taxes. Could you make a video on crypto friendly countries outside of the U.S.? I know channels like Nomad Capitalist and Heidi Chakos from Crypto Tips have covered it but would love your take on it. Great work as usual 💪🏼
@Whiteboard Crypto. Is 7% annuity generated like an interest rate without affecting the funds or is it deducted from the funds inside CRT. In that case, wouldn't it exhaust the total funds in just 14 years if you deduct 7% from a sum of 500 grands.
1. Don’t sell, or at least hold it for longer than a year. 2. Get a loan using your crypto as collateral. 3. Invest in Roth IRA if you’ll be in a higher tax bracket when you retire, and a traditional IRA if lower. 4. Utilize a Charitable Remainder Trust. (Reassess the numbers that Whiteboard Crypto gives you in the video. For example, in his example, what is the tax rate for the trust’s other $700,000? It is whatever it would have been taxed at without the trust, i.e. generally capital gains. There are other incorrect statements also in this section.) 5. Expatriate to Puerto Rico, for example. Don’t evade taxes, such as: 1. Not reporting trades on decentralized exchanges. 2. Buying something with crypto and not reporting this. 3. Gifting the crypto to your friends, where they report their basis as (approximately) current price. (But technically that’s your friends evading taxes, not you.)
For brazillian fans, if you sell under 35k BRL monthly you don't own taxes. Edit: swapping was recently confirmed to be a type of profit realization :(
Thanks for the forecast! Could you help me with something unrelated: I have USDT in my SafePal wallet along with the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
Thanks for the analysis! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
@Salisu Lawal wow I'm just shocked to see someone else mentioning and recommending me to Mrs Esther Loleh, I thought people don't know her she's really awesome
Was expecting a lesson of tax loss harvesting, but this video turned out WAY better than expected! You're incredibly knowledgeable about both crypto and traditional finance rules, and I love how much I've learned about charitable trusts. Great video altogether!
Thanks! What about rewards from yield farming and liquidity pool providing? Same treatment as staking rewards? If the IRS agrees that staking rewards are property and not taxable until sold, will this just apply to staking or also to yield farming and liquidity pool providing?
What about your mining rigs? Can you deduct that cost from the crypto you mine?? So if my rigs cost 15,000 and I mine $15,000 in ETH and sell it then I have no gains or income?
DO NOT interact with accounts that look like me.
They aren't me. I won't EVER ask you to reach out to me.
They are trying to take your money.
If you put crypto in a Roth IRA (pay tax up front) and the crypto grows in value... wont you still have to pay capital gains tax on it when you take it out (in the event that it is worth more then when you bought it)?
@@NorthwestLights206 Nope. The basic idea of roth is, it grows tax free and you take it out after qualifying age tax free. But you need to make sure everything is good while investing from roth.
Hey!
Thanks for your easy explained Videos. Could you check your Mails please.
I've send you an inquiry.
Keep up the great work 🚀
Hahaha you think I was born yesterday? Stop the spam.
I'm waiting for the GamerDAO video before I buy $GAMER
dude, your channel is literally a gift from the heavens. I have shared your channel with so many friends and family members of mine and you really have helped me explain so many things to people that I never could’ve done on my own. Please don’t ever stop making these videos🙏🏼
It's the same for me!
Nick right on; Im starting to remove other channels from my account this is quality stuff!! Im sharing it too!!
GamerDAO or bust 😎
@@LearnToMico now u got me curious gonna see if there's any DAO GAMES jaja
Hello please how does this crypto thing works...I’m really interested, how do I go about investing, kindly suggest a good trader or trainer
Frank Trading Services strategies is working for me at the moment and am making good profit from Forex and crypto trading, and NFT's
Same here it's four months now I started investing with them and it's been a good experience
My first investment with Frank trading services gave me profit of over $24,050 and ever since then he has never failed to deliver and I can even say he's the most sincere broker and trainer I have known
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise .I can boldly say that forex and crypto is one of the profitable money exchange services that elevates investors and their financial status
꧁༒☬෴十𝟭𝟯𝟮𝟯6𝟰𝟳𝟴𝟴𝟳𝟰 ෴☬༒꧂
Crypto is the new gold
Bitcoin trading option is just like any other business but in this case more sophisticated and advanced
cryptocurrency will be in every part of the world and I'm glad I trade with Expert Mark Anthony Henderson I comfortably recommend him to everyone
Trading system allow you to limit the factor of emotional influence on decision-making, That's why I took this opportunity so serious, now I trade with expert Mark Anthony Henderson and I have been making a lot of profit even in the dip
Expert Mark Anthony has managed my investment so we'll that my daily returns is assured
If you ask me, I think Bitcoin has something big for the world but having a good mentor is the best
This gonna make him 1 million views, great channel they deserve it
Every person should take reasonable steps to combat evil, taxes are evil. Take that as you wish.
You are not only good at explaining stuff, you are one of the best my friend
the charitable trust strategy and the loans against assets stratergy are two big brain plays that millionaires are doing around the world RIGHT NOW
@What’sapp➕①⑤②⓪④⑦⑦⑧①②⓪ ^Fake, don't click that profile.
Yes please do a video on IRA! This video alone was 4362% more information than anything I ever got at school.
Public Schools are free, paid programs by the government to teach people to be slaves to the system.
Great video, you're the goat explainer bro
Fantastic presentation!!!
100% want more info on the IRA's. This would be a huge help, thanks.
The end of this video just gave me a lot of ideas
@Pinned_by Whiteboard Crypt0 scammer, impersonating.
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
proper research, good analysis is what you need to make profit in this constant market
@McArthur
who is your financial coach, do you mind hooking me up?
@McArthur
her credentials are very much appealing, I'll definitely be writing her shortly.
correct me if I'm wrong, but coinbase or binance aren't required to report to the IRS until 2024, when they have to send 1099Bs to the IRS and traders. BUT, the IRS certainly can ask for thr transactions and these exchanges have to comply
Great explanations. Would love to see a video about other countries tax pros and cons!!
Very helpful content Theodore! I would love to see a video on the crypto tax benefits of various countries.
Please do the video on countries to move to next. And make sure to include Portugal!
It's pertinent to know that investment is essential to make more money, I hit big on crypto...
Her info pls,, 🙏
@Jocelyn Maria My sister introduced me to her, so I invested $4,000... Now is remaining 2 days for me to get paid my account keep on rising 💯💯
@Lethabo Williams wow I'm just shock someone mentioned and recommended expert Mrs Galia Benartzi I thought people don't know her,, she's really awesome!
Best vid I've seen on crypto taxes yet!
Last month I rolled over a 401k to a Roth IRA. I’m pretty excited about it and plan to DCA into BTC and probably start buying some Chainlink.
Hey it would be nice if you make a video of pros and cons of different pro crypto countries to move to!
Bwoy You Are A Beast With Your Teaching Game 💪🏾 🤴🏾💰💰💰💰
Great video and thank you!
Yess, we need a video about the ROTH IRA
*When it comes to the world of Crypto, Most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance*
All good investors are conversant with assists in the trading process, sometimes by conducting the trades when you are occupied or asleep
Expert Mrs Betty Harris have an intellectual strategy that cut down losses. I have the best investment with the aid of Mrs Betty Harris . She's friendly and have easy to get along with in terms of signals and investing tips
I thought I was the only one trading with Mrs Betty Harris, she's amazing and I've made close to $20,000 trading with her this month
Her specific instructions is so impressive. With my 4k deposit I made a profit of over $28,800 US dollars according to those instructions
Expert Mrs Betty Harris has aided so many newbies including myself. I've 12wins from forex trade with her help. Thanks to her strategies, she's really the best. I've made $16,400 in 18days working with her
13:00 correction: when you pay income tax, you are not paying that tax to your govt. You’re paying it to the IRS. Which is not a govt agency.
Fun fact: neither is the Federal Reserve.
Wanna see how income tax is a giant scam with no actual law saying you need to pay if? Watch Aaron Russo’s movie America: From Freedom To fascism. It’s quite fascinating.
1:44 "their fair share" . Right.
Great video as always! One good thing to note about IRAs, cypto or not. A big benefit is you can buy/sell/trade within the account without having to account for all these transactions on your taxes
Best NFA so far. Thank you.
So buy and keep buying and hold for 10 years got it tnx
Hello what's the best way to get started with trade cos I've been making my personal research for a while now
As a beginner who don't understand how bitcoin trade really work and you really want to make profit from it. I will advise you to first start working with a professional broker
I will recommend expert Mrs Laura trading service for you her strategies is working for me at the moment and making good profit from bitcoin
My first investment with expert Mrs Laura gave me a profit of $13,500 and ever since then she has been the most reliable sincere broker I know
@Claire Gavin Haha you don't have to be surprised about expert Mrs Laura trading service she's really good and everyone love genuine services, she has helped me recover what I lost trying to trade on my own
Same here it's four months now I started investing with her and it's been a good experience
Best explanation yet! Thank you for the information. I learned a ton.
Can you create a video on IPFS?? Love your work btw :)
I just wanted to know = What is good accounting on purchases, trades & sales of crypto? or What is eventually required to report on taxes?
There's a great video online explaining the CRT scenario and even has a bonus strategy to take care of the family as in additionally oh ok he covered it here too.
Thanks Theodore for listening! This video has been long waited! 👍
Thanks for sharing such valuable information! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Glad I found this video for when ether hoge and Bitcoin skyrocket
Super helpful
thank you kind whiteboard crypto 🙏🏽🙏🏽🙏🏽
Bro you are great
You are geniuse
Hats off🎩
You have to pay taxes on property yet you have the right to own property outside of the government's jurisdiction, without me saying to much, you can actually avoid paying taxes completely if you understand why you fall into the authority of the government to pay taxes in the first place (legal persons)
Yes!!!! Please do a video on IRA and 401k. I was just hired as an engineer and need help setting up my retirement accounts but idk where to start
@Whiteboard Crypto fat chance 😂
I'm so happy that I live in Russia and we don't have suck taxes
I'm jealous
That's B.S. as in Russia actual tax load is around 43%. You just evade paying taxes. Good for you.
@@MrDamon888 the actual tax is lower, because when we pay taxes we are getting medical insurance, but if you work in internet you can evade taxes with gifting or crypto
@@MrDamon888 it's not evading, in Russia you don't have to pay taxes for crypto investing
Only way as a US citizen to pay less crypto taxes:
1. Hold coin\ token for more than 365 days.
2. Start a CRT (charitable remainder trust)
3. Leave the US and realize that it WAS the best country, but now it isn’t.
Cheers.
Or more , go to Puerto Rico and become it citizen to avoid capital gains tax. Tax Free. Cheers.
@@oopscatus6405 Cheers from Puerto Rico mate!✋🔥🚀
Awesome video!
FYI Puerto Rico is still part of the US. No worries, it’s a common mistake! It’s not a state, but US federal laws apply (different tax laws for investments and income generated in Puerto Rico). It’s residents are US citizens .
Your videos are really informative and concise, but please fix the slight reverb. You should think about how to sound proof the room you record your audio in.
A project like Step Finance is what we need more of in this space.
outstanding upload.
Wonderful video on crypto taxes. Could you make a video on crypto friendly countries outside of the U.S.? I know channels like Nomad Capitalist and Heidi Chakos from Crypto Tips have covered it but would love your take on it. Great work as usual 💪🏼
@Pinned_by Whiteboard Crypt0 scammer, impersonating.
Please make a video on What is Tron (TRX).
I like the way you explain! Good job!💪
@Whiteboard Crypto. Is 7% annuity generated like an interest rate without affecting the funds or is it deducted from the funds inside CRT. In that case, wouldn't it exhaust the total funds in just 14 years if you deduct 7% from a sum of 500 grands.
1. Don’t sell, or at least hold it for longer than a year.
2. Get a loan using your crypto as collateral.
3. Invest in Roth IRA if you’ll be in a higher tax bracket when you retire, and a traditional IRA if lower.
4. Utilize a Charitable Remainder Trust. (Reassess the numbers that Whiteboard Crypto gives you in the video. For example, in his example, what is the tax rate for the trust’s other $700,000? It is whatever it would have been taxed at without the trust, i.e. generally capital gains. There are other incorrect statements also in this section.)
5. Expatriate to Puerto Rico, for example.
Don’t evade taxes, such as:
1. Not reporting trades on decentralized exchanges.
2. Buying something with crypto and not reporting this.
3. Gifting the crypto to your friends, where they report their basis as (approximately) current price. (But technically that’s your friends evading taxes, not you.)
For brazillian fans, if you sell under 35k BRL monthly you don't own taxes.
Edit: swapping was recently confirmed to be a type of profit realization :(
US Residents must pay taxes on swaps, if there is a net gain for the year. A net loss can lower your taxes.
is this law will keep the same? (im brazilian but living in europe, but planing to get back), i just want to cash to my bank account my passive income
Thanks brotha! You the man!
another amazing video
You are my best friend
Video on IRA's? Yes please!
Great job.
Thanks for the forecast! Could you help me with something unrelated: I have USDT in my SafePal wallet along with the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
Please make a video on IRA.........BTW thank you for the wonderful content.................love from india❤️
Awesome - love your videos thank you
Thanks for the analysis! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
Really great advice. Thank you 🙏🏼
keep buying and investing in stocks or crypto,soon Bitcoin will hit $100,000
people are scared of investing because of the high rate of scam in the business. there are scammers but real brokers are out there for investors
@@ruthmarcos7314 you are absolutely right but we also have lots of expert, real ones with certificate and firm IDS out there waiting for investors
the importance of a professional mentorship of an expert should be the first step in trading
@Salisu Lawal wow I'm just shocked to see someone else mentioning and recommending me to Mrs Esther Loleh, I thought people don't know her she's really awesome
it's four now I started trading with her and it's been a good experience.
Would like too see video on the best countries by tax rates etc!
Thanks for the tip
And this guy's is how it feels to be on the side of people that want to avoid taxes
I don't want to avoid paying taxes but getting taxed on every single trade movement is complete lunacy.
please do a video explaining the pros and cons of each crypto avoiding tax country please!
You should do a video about DAF - donor advised fund.
Was expecting a lesson of tax loss harvesting, but this video turned out WAY better than expected! You're incredibly knowledgeable about both crypto and traditional finance rules, and I love how much I've learned about charitable trusts. Great video altogether!
Please more content like this!
Need a UK one. Thanks.
I feel some dust coins are IRS trackers.
But how do they know what's in the Blockchain? If you exchange all your crypto to Theter or any other coin , how are they going to know ?
Please make a video about other tax advantaged countries to move to!
Yes make a video about countries to move to as crypto millionaire
Please do a video on Hashgraph technology
Do a video on the Elrond ecosystem. (EGLD, Maiar, and their new DEX)
at 3:15, why do you mention holding from day 300-366 specifically? is that just an example of holding more than a year?
Please make another video on this very good stuff
Nice explanation
How can we contact you sir
Yes please. Complete video on retirement accounts
Amaaaaaazing video
You are purely a gem. Thank you
A other countries list video would be dope
Long term capitals gains is 15% as long as your income isn't more than like $400k. It much better than ordinary income.
Thanks! What about rewards from yield farming and liquidity pool providing? Same treatment as staking rewards? If the IRS agrees that staking rewards are property and not taxable until sold, will this just apply to staking or also to yield farming and liquidity pool providing?
What about your mining rigs? Can you deduct that cost from the crypto you mine?? So if my rigs cost 15,000 and I mine $15,000 in ETH and sell it then I have no gains or income?
plz make a video on hedera hashgaph
Is there a new Discord invite link somewhere? The one on the YT homepage says invalid.
Move to Puerto Rico is another option you left off. And borrowing against your crypto, instead of selling it, on apps like Nexo.
Please cover Kasta, seems promising but I think there is so much hype around and that might be a risk. Please share your views.🙏
Another great video man! Would love it if you would do a video on “What is HELIUM - The peoples network”
Love this channel and this video especially. Thanks man.
I would definitely like to know how to set up a Roth IRA for my cryptocurrency, please make a video on that! :)
You are amazing … I can’t even explain how helpful these videos have been for me