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Avoid GIANT Unexpected Tax Bills on Cryptocurrency Trades

Posted by Richard Garcia on May 07, 2021 - 3:57pm Edited 5/7 at 3:58pm


Cryptocurrency Explained: Avoid GIANT Unexpected Tax Bills on Cryptocurrency Trades [2021]

971 views

•May 7, 2021

aantonop

Wait, I have to pay taxes on crypto-to-crypto trades AND selling bitcoin, ethereum tokens, or other cryptoassets for fiat?!? Maybe. In many places, you owe taxes on the money you make from investments - yes, taxes on crypto investments. In the last bull market, lots of people got rekt because they didn’t know the basics about taxes and crypto investments. But you can learn from their mistakes! While Andreas isn't a tax professional, in this video he explains some of the ways people have gotten hurt in the past and how you can avoid those pitfalls. Watch this if you're planning to sell or trade bitcoin, ether, or any other crypto investment.

This isn't tax advice, Andreas is not a tax professional. If you're concerned about these issues (and you probably should be) then find an attorney or accounting professional in your area who can teach you about local laws that apply to you and your specific trading activities.

Comments...

I just love how his channel icon is his hairline. What a boss

I heard Michael Saylor quote Andreas last week!

Andreas always seeking ways to provide value. One of crypto’s original “gems” 💎

Thank you always Andreous!

great video

Care taker administration probably also need some caretaking for themselves in a nursing home

 

Corneliu Boghian thanks for info
May 27, 2021 at 5:02am
Gerald Roberts Good educational video, observe the rules because the IRS can get very aggressive.
May 18, 2021 at 2:29am
Caleb Mpamei Thanks for the very important information here.
May 8, 2021 at 7:07am