Crypto and Taxes – How to Pay Taxes on Bitcoin and Cryptocurrency

Crypto and Taxes – How to Pay Taxes on Bitcoin and Cryptocurrency



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Crypto Taxes – How to Pay Taxes on Bitcoin, Cryptocurrency, BitConnect, Coinbase and altcoins including Ethereum, Litecoin, etc in the United States. We are going to take a look at crypto tax law and recent changes to the crypto tax bill including the 1031 exchange like kind transfer in the US implemented by Trump. Your crypto taxes explained for 2018 and 2017. Don’t evade paying taxes as it is a federal offense. We are going to have a live webinar this Sunday with a Crypto Tax Expert and CPA where we will cover all necessary tax laws. Lets talk crypto taxes – answering your questions. Crypto taxes explained. New IRS code turns crypto traders into criminals. New IRS 2018 tax code screws crypto traders. One quick tip for taxes and crypto for coinbase users. How to do taxes for bitcoin and cryptocurrency. Cryptocurrency tax in 5 minutes – what are taxable events? Coinbase says don’t forget your crypto taxes. Cryptocurrency taxation – the definitive guide. What I learned from my CPA about crypto taxes in the US. Bitcoin tax myths. How to avoid the headache with cointracking. Trump signed Crypto Death warrant tax bill. US Tax changes and cryptocurrency exemptions 2018. The best crypto related tax advice I could ever provide. Trump and IRC section 1031 SEC – all crypto taxable. Making sense of your bitcoin taxes.

To appease money-hungry lawyers and irresponsible people, it should be known that I AM NOT A FINANCIAL ADVISOR and THIS IS NOT INVESTMENT ADVICE. I am merely educating and entertaining. What you do with your own money is your own responsibility. Seek the counsel of an intelligent financial advisor (good luck finding one) before investing yours or anyone else’s money. I Love Crypto!!!

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20 Comments

  1. Do any exchanges provide any tax documents

  2. I thought crypto point was to avoid taxes and fees.

  3. Don't worry…it's even worse in France !…
    You can pay something like 63% in the worst case…but today in France nobody is able to say you if crypto-crypto is taxable !!

  4. Alexis Scalabrini

    Why your skin change color during that vidéo? Maybe you got hack? Just be carefull i love your show lol

  5. 2K subs left till sexy strippers party! History in the making haha first crypto youtuber to do it.!! (pin this for the fans)

  6. What do you think of Cryptopiafeeshares (CEFS)? It's Cryptopia's exchange coin (in addition to DOTCOIN) and I believe its brand new. ITs coin supply is a tiny 6,300 coins and pays 4.5% of fees out to holders of the coin/share. Would love your thoughts 😀

  7. BITCOIN IS BEST INVESTMENT 2018!!!!!!!!!!!!!! it will hit 100 000$

  8. Can you cover ClearPoll? Its fallen to 30% of its price. Looks like the best coin on sale currently with a solid 3x profit in a week.

  9. I think a good Deal is Francs (Frn) too !
    After the french Presidents annoncement this week for cryptos ,this small currency have really huge Potential!!

  10. Just wondering why you don't leave the link of webinar in description? Haha

  11. Hey buddy, this is awesome day for all of us! Don’t miss out the opportunity to buy your shares of THETA token it just came out yesterday on huobi. I missed the token sale few days ago because they reached cap quickly! But it’s back now. Please view the project and let me know. My mind is taken by it and it’s very cheap now!!!

  12. Well Belarus is free of ANY taxses from crypto for 5 years! Start looking for new home there!

  13. Let’s have a crypto love hang out in jail!

  14. Topa hoka.. Boom shakala lol😂😂

  15. Crypto Love is one of the few experts on youtube that I trust. Everything else is just noise

  16. Also, the tax per transaction isn’t as bad as you think! For laments term say in 2017 you buy $100 worth of ETH, you then trade it when it’s worth $600 for BTC, then sell BTC at $1,100. In 2017, you turned $100 USD into $1,100 USD…say you’re taxed at 25%, you pay $250 cause you consider the crypto to crypto trades as like kind. In 2018, you pay $125 on the ETH/BTC trade, then $125 on the BTC/USD trade. You don’t pay double when you pull out for USD, it’s only for that last trade. Long story short you pay taxes more frequently because you have to recognize gains per transaction rather than just “I put in $X and pulled out $X, so tax the difference.” That per transaction realized/unrealized gain is what Coin Tracking helps with.

  17. Good info. glad I know to document all this stuff. Does anybody have a spead sheet or program for doing this?

  18. Your tax don't seem so bad (Crypto aside), in Australia anyone earning >180,000 pay 49% tax!!
    May as well move to New Zealand, don't tax on cryptos woohoo

  19. Cristian Marquez

    you look like donald cerrone lol

  20. I don't think the law says that you can only claim 3k in losses, your gains/losses are not altered within the year. You can only CARRY FORWARD 3K in losses from the previous year. So if you lost 10K last year, since you gained 10k then lost 20K, you can only claim 3K of losses on the NEXT tax year, despite the fact that you were actually down 10K. So a big loss will not help you the second tax year, even if you are still rolling at a loss. Taxes suck, but so do a lot of things in life. Suck it up, don't suck at trading, big taxes means big profit.

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