How To Lower Your Taxes with Crypto - What You NEED To Know Before Filing
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- เผยแพร่เมื่อ 3 มิ.ย. 2024
- Create a Free CoinLedger account to easily calculate your crypto taxes: whiteboardcrypto.com/coinledger
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I'm glad videos are being made about taxes. My 1st crypto tax filing was last year & there were very few videos to guide me
Much appreciated
I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 24 btc from day tradng with Florina Steven insights and charts.she has been one step ahead of other analysis…
You..: < can communicate with her on TELE GAM
@Florinasteven no""space._
I have never seen a trader as open and transparent as Florina Steven with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
Perfect Timing for This Video Its Tax Season!!
Nice video! Now I know how to lower my taxes with crypto
Are you going to do a video on breaking down Internet Computer?
Hi Whiteboard Crypto, really like your videos. Please tell me which service you use to make such great animated videos. Just awesome and great work! Thanks in advance!!!
Hello! Check if your wallet is suitable for airdrop
Enjoying your channel, GREAT content. New CoinLedger user, setup was easy, only question I have for them is my wallet seems to be synced, but it's not showing history on CoinLedger. Brand new wallet, I've only sent crypto into it. Thoughts?
I just wanted all the videos on this channel
How does this work with Voyager losses since Binance has not yet gave back some of the lost assets? 🙏🏻
Great video, but I would caution you on claiming losses due to theft. You won't know how much you lost with FTX until the bankruptcy proceedings are completed. I have no expectation of getting that money back, but the IRS doesn't consider it a loss or theft until the company has been dissolved and all available funds have been distributed to claimants.
just use turbo tax my crypto is not in the radar
Im interested to know why we are paying tax on crypto when its created in cloud and its on a blockchain which is not a physical thing. What are we gaining from the tax office or what are they giving to us to build our crypto business in return for us collecting or paying them taxes??. I could understand a physical traditional business is setup to pay taxes but then again, what are they giving us to help build our physical traditional businesses??..One business has a physical address and the crypto business has no physical address except a cloud address that does not indicate a physical address or location..please make me understand why crypto has to be taxed and for what reason..
That’s like saying you shouldn’t have to file taxes on buying the rights to a jpeg image, or a web adress or even creating content online. Everything is of value and when there are taxes to be collected you best believe they will take the oppertunity.
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I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.
You invest with Mrs Reyes too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
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Bro put some videos about the Shiba coin
Why? There’s a million videos already out there
I have watched your videos and I love the way you review crypto projects please how about considering giving $CRU a review
No more taxes
remember that selling btc into usdt is not an income, because tether is a token. Selling usdt to usd is taxable.
That's incorrect. The IRS considers the exchange of one virtual currency for another virtual currency to be a taxable event. Your tax assessment would be calculated using the fair market value of both cryptos relative to USD. On exchanging USDT for USD, you also would have a minuscule gain/loss just because the peg isn't held exactly at 1:1.
@@nathanial3293 How will they know when it get to your hand if a coin has been transferred to many address? It's anonymous, the only proof that the coin belong to you is when you send it to an exchange then trade it for fiat money which then goes to your bank account.
@@SheetFiber You are correct that something like a centralized exchange with KYC is needed to establish ownership of a virtual asset for tax assessments. However, for most virtual assets, the proper term is pseudonymous rather than anonymous. I don't know why you're bringing up this point, though. I was commenting on the interpretation of tax law, not on what it would take for the IRS to enforce tax law.
Do most people still think that investing in cryptocurrency is just to buy and hold until it goes up? But the best cryptocurrency investments strategy are to put them in TRADING AND FOREXTRADING
That is true and you can imagine the gains the
people get daily just trading
Cryptocurrencies and ForexTrading.
I've been making good profits daily trading with cryptocurrencies and ForexTrading.
I have no knowledge in trading,
please i would appreciate your help, can you help me to trade?
Actually, a profound trader
manage my cryptocurrency investments and forextrading and I receive my profits daily in my wallet while investing in real estate with the earnings I get.
Please can you connect me with your trader? I work almost 9 hours daily and I don't have time to trade alone. How good is your trader?
Let's say I buy 1 BTC at $10000 in 2020. Then I buy 1 BTC at $20000 in 2021. After 11 month I sell 0.5 BTC. Will I pay short or long term gain on this sell? What if I sell 1.5 BTC?
It depends on "which" BTC you sell. I use the Spec ID method when establishing basis, but automated tax tools usually use FIFO or LIFO.
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great video, to bad the coupon code doesn't work.
It worked for me
You can tell me anything, but crypto was desinged not to pay taxes
I haven’t filed my taxes in 5 years what do I do
Man what
Call Wesley Snipes lawyer! 😂😂😂
😭😭
Completely destroys the point of investing in crypto
that 37% is more in u take out 300k for under 45k its like 12%
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Shiba token
🤡
I'm new to this, how can l invest and make a good profits in return?
Wow!! I made a lot of money last month trading with Mrs Shannon Blair
Damn..... She's really a professional with her new strategies
I have heard a lot about investing with
Ms Shannon Blair and how good she
is, please how safe is the profits.
I've traded with a lot of individuals but I have never come across anyone as good as Mrs. Shannon Blair just by applying her new strategies I now trade independently. She's the best I'd advise any novice investing to trade go with
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how to evade taxes with crypto lol
900K subscribers, awesome clear content, only 9K views? Riiiggghhttt YT. Shadowbanning w the best of them.
Idk man ur mic is kinda low quality
hello , where we can contact you about advertising ? maybe discord or telegram if possible ?