Please rephrase the video title ‘CRYPTO TAX LAWYER Explains: How to LEGALLY Avoid Crypto Taxes’ while ensuring that it does not exceed 75 characters. The new title should be concise and engaging while maintaining its relevance and appeal. This is for optimizing SEO with Rank Math.
Exchanges will become the enemy. Need a decentralized way of transacting without prying eyes of government.
Let’s create our own government and charge them tax , bloody pirates
If you swap BTC to USDC on a CEX, is that a taxable event? The crypto is still crypto. I was thinking I could swap gains into USDC then hold a year and then sell.
I see bro rockin that Gutter cat gang nft in the background
The government makes it basically impossible for normal people to start scalp/swing tradeing. If you only make like 10k in a year you will be taxed out the ass and you will have to hire a guy like this to do your taxes and which will be another ars fuxing.
If you don’t know this already and have a plan for tax optimization…
You have not done your homework!
Taxes should be left in 16 century. But if sheep's don't mind paying , big dogs don't mind collecting lol. I am ashamed of human beings, the so stupid.
Thanks for breaking down the crypto tax game! Super helpful to stay beforehand of the curve. Speaking of staying beforehand, have y'all looked at My Digital Money? They're all approximately making crypto making an investment easy sailing. Just sayin', it's well worth a glance!
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024
So make a loss to not pay tax? Genius plan
If you make gains, they tax you. What if you make a loss, will they compensate you?.. Tax is the biggest scam ever
The biggest issue with tax law is that they cannot keep up with the technology. Crypto tracking software are great, but when you're deep in the space, they still cannot handle that. There are new chains, new mechanisms or protocols coming out frequently and they just cannot catch up and if you participated in those protocols, you're basically fcked.
that s bit stupid.. we get taxed if we make profit.. what if we make losses?
Thank You Andrew Gordon for your guidance in this video and Thank You to the host for the questions you introduced for discussion.
Why sucks is I swap so many that I cant even keep the of it all, gains losses, and I swap between wallets so how tf can you even track all that action 😭😭😭
The high level of ignorance regarding past and current tax rules/laws expressed in the comments is obvious. Listen and learn. Compare to taxes paid by 1099 employees and independent contractors and ebay sellers for context. Investment taxes are their own section. Being informed may not change opinions regarding if taxes are fair. 😂
how am i being taxed with money thats already taxed lmfao.
I had a plan to buy house in UK, now have a plan to leave UK
He’s got Gensler vibes…!
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
wdym so if i swap the crypto im investing into a stable coin am i basically trading then?
Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: I'm using a SafePal wallet with USDT and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
Thanks for the breakdown! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
Buy can food and ammo and water purifier
Great video as always! 👍 I’ve got a question: 🤨 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Can someone explain what this is? 😅
I don’t understand ,we are actually taking a huge risk by investing in markets, why do we have to pay tax to the govt inspite of taking heavy risk , if govt is taxing us for the profit then it should make good for our loss also.
Is it required to pay tax in india before going to UAE on cryto income or one can directly go to UAE and start trading there on the funds (usdt) which was made by trading in india but was not sold for exchange of INR and is stored in Trust Wallet..as UAE will ask the source of funds and if they inform it about indian government then consequences may happen…please tell if USDT are not sold and only stored by doing trading…taxes still apply or not?
Tell briefly here and
Make a video on this topic
Used broker for trading was EXNESS
Primo information!!
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Please reference the U.S. Code that talks about crypto and taxes.
You probably can't because there isn't one.
Crypto has yet to even be defined legally by Congress nor has Congress passed and the president signed any law pertaining to crypto or taxes.
Therefore, there are no crypto taxes, the IRS cannot create or collect taxes on it because they do not have the authority to do so.
The Supreme Court has ruled that government agencies and their contractors are not authorized to create taxes.