How to AVOID Crypto Taxes - 4 Legal Examples (Beginner to Advanced)

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  • เผยแพร่เมื่อ 8 ธ.ค. 2021
  • Everyone loves to pay taxes, especially on their crypto gains... but in this video we teach you ways to reduce that tax bill legally! Check out our free DeFi Guide: WhiteboardCrypto.com
    Professional explaining Charitable Remainder Trust: • Avoid Paying Taxes on ...
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ความคิดเห็น • 832

  • @WhiteboardCrypto
    @WhiteboardCrypto  2 ปีที่แล้ว +140

    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.

    • @NorthwestLights206
      @NorthwestLights206 2 ปีที่แล้ว +2

      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)?

    • @kboy5189
      @kboy5189 2 ปีที่แล้ว

      @@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.

    • @Kietomatico
      @Kietomatico 2 ปีที่แล้ว

      Hey!
      Thanks for your easy explained Videos. Could you check your Mails please.
      I've send you an inquiry.
      Keep up the great work 🚀

    • @kboy5189
      @kboy5189 2 ปีที่แล้ว

      Hahaha you think I was born yesterday? Stop the spam.

    • @emoterazha7474
      @emoterazha7474 2 ปีที่แล้ว

      I'm waiting for the GamerDAO video before I buy $GAMER

  • @jorgecloppmaddeny467
    @jorgecloppmaddeny467 2 ปีที่แล้ว +16

    Crypto is the new gold

    • @paulhjellming8831
      @paulhjellming8831 2 ปีที่แล้ว +6

      Bitcoin trading option is just like any other business but in this case more sophisticated and advanced

    • @telegrammessundee6420
      @telegrammessundee6420 2 ปีที่แล้ว +5

      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

    • @OscarRodriguez-ml8rg
      @OscarRodriguez-ml8rg 2 ปีที่แล้ว +4

      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

    • @scottfowler3717
      @scottfowler3717 2 ปีที่แล้ว +4

      Expert Mark Anthony has managed my investment so we'll that my daily returns is assured

    • @arthurbell4310
      @arthurbell4310 2 ปีที่แล้ว +5

      If you ask me, I think Bitcoin has something big for the world but having a good mentor is the best

  • @fredrikaschulte9235
    @fredrikaschulte9235 2 ปีที่แล้ว +28

    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

    • @morganroth44
      @morganroth44 2 ปีที่แล้ว

      Frank Trading Services strategies is working for me at the moment and am making good profit from Forex and crypto trading, and NFT's

    • @jessicaplessis5562
      @jessicaplessis5562 2 ปีที่แล้ว

      Same here it's four months now I started investing with them and it's been a good experience

    • @lalitnagarajan8469
      @lalitnagarajan8469 2 ปีที่แล้ว

      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

    • @bertoolivarez2808
      @bertoolivarez2808 2 ปีที่แล้ว

      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

    • @larahalleck7684
      @larahalleck7684 2 ปีที่แล้ว +1

      ꧁༒☬෴十𝟭𝟯𝟮𝟯6𝟰𝟳𝟴𝟴𝟳𝟰 ෴☬༒꧂

  • @lianetomlinson2106
    @lianetomlinson2106 2 ปีที่แล้ว +2

    Best explanation yet! Thank you for the information. I learned a ton.

  • @ayoFrostbite
    @ayoFrostbite 2 ปีที่แล้ว +9

    Very helpful content Theodore! I would love to see a video on the crypto tax benefits of various countries.

  • @stevegarcia6938
    @stevegarcia6938 2 ปีที่แล้ว +9

    This gonna make him 1 million views, great channel they deserve it

  • @christophernavarro9401
    @christophernavarro9401 2 ปีที่แล้ว

    Really great advice. Thank you 🙏🏼

  • @EmanBasketballDad
    @EmanBasketballDad 2 ปีที่แล้ว

    Best vid I've seen on crypto taxes yet!

  • @harshkeshruwala7206
    @harshkeshruwala7206 2 ปีที่แล้ว +2

    Can you create a video on IPFS?? Love your work btw :)

  • @JJones-gw9vy
    @JJones-gw9vy 2 ปีที่แล้ว

    Love this channel and this video especially. Thanks man.

  • @dosomething6975
    @dosomething6975 2 ปีที่แล้ว +23

    You are not only good at explaining stuff, you are one of the best my friend

  • @martinlegrand6028
    @martinlegrand6028 2 ปีที่แล้ว +1

    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.

  • @andcrypto
    @andcrypto ปีที่แล้ว

    I like the way you explain! Good job!💪

  • @LazaroASantiago
    @LazaroASantiago 2 ปีที่แล้ว

    Thanks brotha! You the man!

  • @drover7476
    @drover7476 2 ปีที่แล้ว +2

    Great video, you're the goat explainer bro

  • @cryptogypsy
    @cryptogypsy ปีที่แล้ว +1

    Great explanations. Would love to see a video about other countries tax pros and cons!!

  • @cryptoparking
    @cryptoparking 2 ปีที่แล้ว +2

    Hey it would be nice if you make a video of pros and cons of different pro crypto countries to move to!

  • @rodolfoaiello3434
    @rodolfoaiello3434 2 ปีที่แล้ว

    Thanks Theodore for listening! This video has been long waited! 👍

  • @StupidRalph
    @StupidRalph 2 ปีที่แล้ว

    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.

  • @brainsofcrypto4713
    @brainsofcrypto4713 2 ปีที่แล้ว +1

    100% want more info on the IRA's. This would be a huge help, thanks.

  • @ivanp8723
    @ivanp8723 2 ปีที่แล้ว

    thank you kind whiteboard crypto 🙏🏽🙏🏽🙏🏽

  • @allonmyownherewego9893
    @allonmyownherewego9893 2 ปีที่แล้ว +124

    the charitable trust strategy and the loans against assets stratergy are two big brain plays that millionaires are doing around the world RIGHT NOW

    • @2pacisakilthemc21
      @2pacisakilthemc21 2 ปีที่แล้ว +4

      @What’sapp➕①⑤②⓪④⑦⑦⑧①②⓪ ^Fake, don't click that profile.

  • @kodwanikennethmsosa
    @kodwanikennethmsosa 2 ปีที่แล้ว

    Thanks for the tip

  • @JoseRivera-pl9bc
    @JoseRivera-pl9bc 2 ปีที่แล้ว +1

    Great video and thank you!

  • @priyankajain7731
    @priyankajain7731 2 ปีที่แล้ว +1

    Fantastic presentation!!!

  • @patrickreynolds2709
    @patrickreynolds2709 2 ปีที่แล้ว

    Best NFA so far. Thank you.

  • @kingterrence
    @kingterrence ปีที่แล้ว

    Bwoy You Are A Beast With Your Teaching Game 💪🏾 🤴🏾💰💰💰💰

  • @ftb2024_official
    @ftb2024_official 2 ปีที่แล้ว

    Thanks for content you are making. I have a question regarding of regular burnings of crypto, why it is needed?

  • @bhavinsoni8400
    @bhavinsoni8400 ปีที่แล้ว

    Bro you are great
    You are geniuse
    Hats off🎩

  • @Zaptosis
    @Zaptosis 2 ปีที่แล้ว +7

    Every person should take reasonable steps to combat evil, taxes are evil. Take that as you wish.

  • @dvdty
    @dvdty 2 ปีที่แล้ว

    Would like too see video on the best countries by tax rates etc!

  • @Lex-lw9bb
    @Lex-lw9bb 2 ปีที่แล้ว +16

    Yes please do a video on IRA! This video alone was 4362% more information than anything I ever got at school.

    • @frandyalfaro8864
      @frandyalfaro8864 2 ปีที่แล้ว +2

      Public Schools are free, paid programs by the government to teach people to be slaves to the system.

  • @humps321
    @humps321 2 ปีที่แล้ว

    can you do a video about what are layer 1 and layer 2 blockchains?

  • @pablobarriosjr
    @pablobarriosjr 2 ปีที่แล้ว +1

    Please do the video on countries to move to next. And make sure to include Portugal!

  • @aldomario2512
    @aldomario2512 ปีที่แล้ว +196

    Nice Video!!! Very engaging from the beginning to the end, nevertheless, business and investment are the best way to make money irrespective of the set back pandemic😷 brought which the world is gradually healing from. I grow my funds with Amelia Lopez.

    • @gretaperez1574
      @gretaperez1574 ปีที่แล้ว

      This is not the first time am hearing of Mrs Amelia Lopez and her trading skills but I have no idea on how to get in touch with her

    • @giulianadjitel9594
      @giulianadjitel9594 ปีที่แล้ว

      I invest with Mrs Amelia too, she charges 20% on profit made after every trading. As a first time investor I started trading with Mrs Amelia with just a thousand of bulks, my portfolio is much more than that now within just weeks of trading with her

    • @mtpocket6719
      @mtpocket6719 ปีที่แล้ว

      The no risk factor in her investment is the most amazing with her this means she takes full responsibility for bad teased landing you with no chance of losing money, she's indeed the most reliable and reputable broker i know. I invested $6200 and realized $39400 after 14 days

    • @gisellcruz9116
      @gisellcruz9116 ปีที่แล้ว

      I just started investing in cryptocurrencies. How do I get in touch with your broker?

    • @derrickholmes6954
      @derrickholmes6954 ปีที่แล้ว

      Amelia changed my life ,and made me who I am today. Because of the high profits I get from investing Bitcoin with her, I'm able to put my kid in a better school and pay my bills..

  • @ShaneTrace
    @ShaneTrace 2 ปีที่แล้ว +2

    Another banger bro ! Man thanks for the info , you've really helped me

  • @joshjohnson2993
    @joshjohnson2993 2 ปีที่แล้ว

    Love your videos. Could you do one on wilder world and zero? Looks like a really cool project! Thanks!

  • @ikust007
    @ikust007 2 ปีที่แล้ว +5

    You are purely a gem. Thank you

  • @AlejandroRioja10
    @AlejandroRioja10 2 ปีที่แล้ว

    please make a video of the countries you recommend!

  • @fiddysat
    @fiddysat 2 ปีที่แล้ว

    excellent vid , cheers

  • @radarpixel1304
    @radarpixel1304 2 ปีที่แล้ว

    outstanding upload.

  • @nickzapata3247
    @nickzapata3247 2 ปีที่แล้ว +30

    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🙏🏼

    • @vriboldi
      @vriboldi 2 ปีที่แล้ว

      It's the same for me!

    • @TheMessanger
      @TheMessanger 2 ปีที่แล้ว +2

      Nick right on; Im starting to remove other channels from my account this is quality stuff!! Im sharing it too!!

    • @micmic7855
      @micmic7855 2 ปีที่แล้ว

      GamerDAO or bust 😎

    • @TheMessanger
      @TheMessanger 2 ปีที่แล้ว

      @@micmic7855 now u got me curious gonna see if there's any DAO GAMES jaja

  • @tykelley2773
    @tykelley2773 2 ปีที่แล้ว

    Another great video man! Would love it if you would do a video on “What is HELIUM - The peoples network”

  • @lukemoody4532
    @lukemoody4532 2 ปีที่แล้ว +1

    Do a video on the Elrond ecosystem. (EGLD, Maiar, and their new DEX)

  • @svenanderson9085
    @svenanderson9085 2 ปีที่แล้ว

    You should do a video about DAF - donor advised fund.

  • @EightsEverywhere
    @EightsEverywhere 2 ปีที่แล้ว

    I just wanted to know = What is good accounting on purchases, trades & sales of crypto? or What is eventually required to report on taxes?

  • @Jessrobbie
    @Jessrobbie 2 ปีที่แล้ว +18

    It's pertinent to know that investment is essential to make more money, I hit big on crypto...

    • @kellylogan9872
      @kellylogan9872 2 ปีที่แล้ว

      Her info pls,, 🙏

    • @stellaadams6620
      @stellaadams6620 2 ปีที่แล้ว +2

      @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 💯💯

    • @pierogallo132
      @pierogallo132 2 ปีที่แล้ว +2

      @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!

  • @allyson1691
    @allyson1691 2 ปีที่แล้ว

    Awesome - love your videos thank you

  • @orang3hill
    @orang3hill 2 ปีที่แล้ว +14

    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

  • @EJSimonsen
    @EJSimonsen ปีที่แล้ว

    Great job.

  • @HowNOT2
    @HowNOT2 2 ปีที่แล้ว

    Super helpful

  • @howlcryptoshogun4829
    @howlcryptoshogun4829 2 ปีที่แล้ว

    as always, great stuff! keep up the great content

  • @yowass126
    @yowass126 2 ปีที่แล้ว +2

    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

  • @maysarahmustafa1024
    @maysarahmustafa1024 7 หลายเดือนก่อน

    Please more content like this!

  • @carlosmolinaguerra
    @carlosmolinaguerra 2 ปีที่แล้ว

    Yes please. Complete video on retirement accounts

  • @jd-teilur
    @jd-teilur 2 ปีที่แล้ว

    Genius thanks for the great content

    • @pjusino5
      @pjusino5 2 ปีที่แล้ว

      @Pinned_by Whiteboard Crypt0 scammer, impersonating.

  • @somers2020
    @somers2020 ปีที่แล้ว

    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?

  • @faa8882
    @faa8882 2 ปีที่แล้ว

    Need a UK one. Thanks.

  • @TheZman7226
    @TheZman7226 2 ปีที่แล้ว

    Awesome video!

  • @saurabhverma7366
    @saurabhverma7366 2 ปีที่แล้ว

    thank you.

  • @ForrestLee
    @ForrestLee 2 ปีที่แล้ว +3

    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 💪🏼

    • @pjusino5
      @pjusino5 2 ปีที่แล้ว

      @Pinned_by Whiteboard Crypt0 scammer, impersonating.

  • @sinankoa824
    @sinankoa824 2 ปีที่แล้ว

    are we expecting a complete economical crash and are cryptos inflation free
    could you do a video on this please or mention it in one please

  • @estevanmendoza5207
    @estevanmendoza5207 2 ปีที่แล้ว

    Mina protocol would be a cool video, you lit 🔥

  • @olgringold5142
    @olgringold5142 2 ปีที่แล้ว

    Please make a video about other tax advantaged countries to move to!

  • @madmullah6067
    @madmullah6067 2 ปีที่แล้ว

    Yess, we need a video about the ROTH IRA

  • @dannyle2584
    @dannyle2584 2 ปีที่แล้ว

    another amazing video

  • @harikrishnanchandramohan4209
    @harikrishnanchandramohan4209 2 ปีที่แล้ว +1

    @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.

  • @eossarasota5205
    @eossarasota5205 2 ปีที่แล้ว

    Please make another video on this very good stuff

  • @MrFenderJazz
    @MrFenderJazz 2 ปีที่แล้ว

    please do a video explaining the pros and cons of each crypto avoiding tax country please!

  • @MyFavNum19
    @MyFavNum19 2 ปีที่แล้ว +1

    The end of this video just gave me a lot of ideas

    • @pjusino5
      @pjusino5 2 ปีที่แล้ว

      @Pinned_by Whiteboard Crypt0 scammer, impersonating.

  • @madmullah6067
    @madmullah6067 2 ปีที่แล้ว

    We want also a video about countries with for small payments for taxes

  • @saguirre760
    @saguirre760 2 ปีที่แล้ว

    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.

  • @jackmacziz6140
    @jackmacziz6140 2 ปีที่แล้ว

    Glad I found this video for when ether hoge and Bitcoin skyrocket

  • @rafaroox6727
    @rafaroox6727 2 ปีที่แล้ว

    Great video! Any recommendations for an IRA company that allows you to invest in Crypto freely?

  • @TarickWalcott
    @TarickWalcott 2 ปีที่แล้ว +1

    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

    • @TarickWalcott
      @TarickWalcott 2 ปีที่แล้ว

      @Whiteboard Crypto fat chance 😂

  • @Paulakanyutu
    @Paulakanyutu 2 ปีที่แล้ว +48

    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...

    • @allenhubbard4961
      @allenhubbard4961 2 ปีที่แล้ว

      proper research, good analysis is what you need to make profit in this constant market

    • @Paulakanyutu
      @Paulakanyutu 2 ปีที่แล้ว

      @McArthur
      who is your financial coach, do you mind hooking me up?

    • @Paulakanyutu
      @Paulakanyutu 2 ปีที่แล้ว

      @McArthur
      her credentials are very much appealing, I'll definitely be writing her shortly.

  • @danielbloom6545
    @danielbloom6545 2 ปีที่แล้ว

    Please do a video on Hashgraph technology

  • @timbocracy
    @timbocracy 2 ปีที่แล้ว

    You are amazing and happy to see your channel growing so fast.

  • @rtmemzz3931
    @rtmemzz3931 2 ปีที่แล้ว

    Could you do a video based of crypto legislation in the UK?

  • @itsmelloydee
    @itsmelloydee 2 ปีที่แล้ว

    does this applyto stock gains as well?

  • @angelafliehman2167
    @angelafliehman2167 2 ปีที่แล้ว +1

    You are amazing … I can’t even explain how helpful these videos have been for me

  • @Bruzumi
    @Bruzumi 2 ปีที่แล้ว

    yes ! Ira videos please.

  • @BenFrankarts
    @BenFrankarts 2 ปีที่แล้ว

    Duly noted!

  • @veerabadhraswamygopu628
    @veerabadhraswamygopu628 2 ปีที่แล้ว

    Please make a video on IRA.........BTW thank you for the wonderful content.................love from india❤️

  • @userbayya
    @userbayya 2 ปีที่แล้ว +1

    Nice explanation

    • @userbayya
      @userbayya 2 ปีที่แล้ว

      How can we contact you sir

  • @JOSEPHELBOSS
    @JOSEPHELBOSS 2 ปีที่แล้ว

    Amaaaaaazing video

  • @therealprince777
    @therealprince777 2 ปีที่แล้ว +1

    I feel some dust coins are IRS trackers.

  • @TerminalThirteen
    @TerminalThirteen 2 ปีที่แล้ว

    Great video! Would love a video on Obyte!

  • @peterliu8367
    @peterliu8367 2 ปีที่แล้ว +1

    You are my best friend

  • @christianemmanuelf.domingo793
    @christianemmanuelf.domingo793 2 ปีที่แล้ว

    So buy and keep buying and hold for 10 years got it tnx

  • @aryandugar5754
    @aryandugar5754 2 ปีที่แล้ว

    Please make a video on What is Tron (TRX).

  • @needleweb6526
    @needleweb6526 11 หลายเดือนก่อน

    Brilliant

  • @ChintanCG
    @ChintanCG 2 ปีที่แล้ว

    Great info but can't believe you didn't talk about the wash sale rule and how it doesn't apply to crypto since it's considered property currently. That is great way to reduce realized gains

  • @7TWAN7
    @7TWAN7 2 ปีที่แล้ว +1

    Hey,! It would really be helpful if you could make a video about what gives value to the cryptocurrencies. I understand why the blockchain, DeFi, smart contracts and so on are really useful but that doesn't explain to me why people assume (for example) etherium eventually will rise to $50.000.
    I have been watching a lot of your videos over the last couple of days but haven't seen it get covered yet. So the overal question is: What determines the (realistic) price of a cryptocurrency.
    To give you a view of my current understanding of it so far: The swinging 'short term' price is created by supply & demand as well as the news regarding the project. And the long term price is determined by the total supply cap of a coin as well as the end vision/function of the project. (PLEASE correct me if i'm wrong!) 😄

    • @TheHurlon
      @TheHurlon 2 ปีที่แล้ว

      Same as with Fiat money. Trust=Value

  • @shashirajhiremath4816
    @shashirajhiremath4816 2 ปีที่แล้ว

    plz make a video on hedera hashgaph

  • @robbrocksen5668
    @robbrocksen5668 2 ปีที่แล้ว

    Hey buddy great video well researched the only thing is is Puerto Rico is not a country it is a US Territory. how can you leave the United States to go to the United States?

  • @nanyang6984
    @nanyang6984 2 ปีที่แล้ว

    List of countries video plssss

  • @adrinsko2368
    @adrinsko2368 2 ปีที่แล้ว

    A other countries list video would be dope

  • @DivineAtheistWannabe
    @DivineAtheistWannabe 2 ปีที่แล้ว

    *Very interesting stuff*
    But the real question is, when are you going to release your own token......
    CatTurtle Dao Protocol - 10,000,000,000% APY Olympus Dao fork.
    Please do this.
    Like so he can see it.

  • @DocJJohnson
    @DocJJohnson 2 ปีที่แล้ว

    Thank u