How to AVOID Crypto Taxes - 4 Legal Examples (Beginner to Advanced)
HTML-код
- Опубликовано: 8 дек 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 ...
Support the channel and join WhiteboardCrypto Club to claim your $20 Ethereum and this month's NFT: whiteboardcrypto.com/whiteboa...
Explore More Whiteboard Crypto:
Twitter: @whiteboardCryp1
Facebook: @whiteboardcrypto
Instagram: @whiteboardcryptoteam
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
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
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 ෴☬༒꧂
Every person should take reasonable steps to combat evil, taxes are evil. Take that as you wish.
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 😎
@@micmic7855 now u got me curious gonna see if there's any DAO GAMES jaja
This gonna make him 1 million views, great channel they deserve it
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.
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
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
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
I just started investing in cryptocurrencies. How do I get in touch with your broker?
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..
Very helpful content Theodore! I would love to see a video on the crypto tax benefits of various countries.
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.
Best explanation yet! Thank you for the information. I learned a ton.
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.
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.
100% want more info on the IRA's. This would be a huge help, thanks.
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.
I like the way you explain! Good job!💪
Great explanations. Would love to see a video about other countries tax pros and cons!!
Great video, you're the goat explainer bro
Really great advice. Thank you 🙏🏼
Best vid I've seen on crypto taxes yet!
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
Hey it would be nice if you make a video of pros and cons of different pro crypto countries to move to!
Love this channel and this video especially. Thanks man.
Great video and thank you!
Thanks Theodore for listening! This video has been long waited! 👍
Can you create a video on IPFS?? Love your work btw :)
Please do the video on countries to move to next. And make sure to include Portugal!
Fantastic presentation!!!
Would like too see video on the best countries by tax rates etc!
Thanks brotha! You the man!
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 .
thank you kind whiteboard crypto 🙏🏽🙏🏽🙏🏽
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.
Thanks for content you are making. I have a question regarding of regular burnings of crypto, why it is needed?
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.
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
Thanks for the tip
You are purely a gem. Thank you
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?
I just wanted to know = What is good accounting on purchases, trades & sales of crypto? or What is eventually required to report on taxes?
Please make a video about other tax advantaged countries to move to!
Awesome - love your videos thank you
Yes please. Complete video on retirement accounts
The end of this video just gave me a lot of ideas
@Pinned_by Whiteboard Crypt0 scammer, impersonating.
please make a video of the countries you recommend!
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!✋🔥🚀
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
Another great video man! Would love it if you would do a video on “What is HELIUM - The peoples network”
Bwoy You Are A Beast With Your Teaching Game 💪🏾 🤴🏾💰💰💰💰
Love your videos. Could you do one on wilder world and zero? Looks like a really cool project! Thanks!
outstanding upload.
can you do a video about what are layer 1 and layer 2 blockchains?
Awesome video!
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.
does this applyto stock gains as well?
Do a video on the Elrond ecosystem. (EGLD, Maiar, and their new DEX)
Great job.
excellent vid , cheers
@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.
please do a video explaining the pros and cons of each crypto avoiding tax country please!
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
Super helpful
Bro you are great
You are geniuse
Hats off🎩
at 3:15, why do you mention holding from day 300-366 specifically? is that just an example of holding more than a year?
Nice explanation
How can we contact you sir
as always, great stuff! keep up the great content
Genius thanks for the great content
@Pinned_by Whiteboard Crypt0 scammer, impersonating.
Duly noted!
A other countries list video would be dope
Need a UK one. Thanks.
thank you.
You should do a video about DAF - donor advised fund.
Great video! Would love a video on Obyte!
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 😂
Please more content like this!
another amazing video
Please make another video on this very good stuff
You are amazing … I can’t even explain how helpful these videos have been for me
yes ! Ira videos please.
id love to see that countries to move to video :3
Glad I found this video for when ether hoge and Bitcoin skyrocket
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.
We want also a video about countries with for small payments for taxes
Another banger bro ! Man thanks for the info , you've really helped me
Mina protocol would be a cool video, you lit 🔥
Great video! Any recommendations for an IRA company that allows you to invest in Crypto freely?
Thank u
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
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!) 😄
Same as with Fiat money. Trust=Value
Amaaaaaazing video
Do a video on how you track your transactions and basis
@Pinned_by Whiteboard Crypt0 scammer, impersonating.
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?
I feel some dust coins are IRS trackers.
Hi, could you please create a video about crypto taxes in Australia? Thanks!
Brilliant
I have lived abroad for over 4 years now. I do have a small biz in US and l'm paying taxes on that. But didn't start crypto until I moved to Colombia. I'm hoping we are on the non tax country list for crypto?
You are amazing and happy to see your channel growing so fast.
this was a great viedo, thank you very much. i have a question if anyone can answer... what if I sell an NFT for a loss to offset a realized gain and then just buy a different NFT from the same collection with the money I made from the sale? then I could realize that loss but basically still have the same nft. is that clean? thank you for any input
Eh its iffy I'd say
If your controlling both buying and selling wallets and its the same nft then you would technically be doing tax evasion.
Yes, would love more info on taxes (in general) and also how to do crypto taxes :D