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>> No.29486631 [View]
File: 8 KB, 545x272, crypto taxes.png [View same] [iqdb] [saucenao] [google]
29486631

>>29479803
Yes, if you're an American. However, capital gain taxes are much less after a year making it a long term investment.

>> No.28809120 [View]
File: 8 KB, 545x272, crypto taxes.png [View same] [iqdb] [saucenao] [google]
28809120

>>28780812
Yes. Day trading crypto will get you bent by taxes in most of the first world.
HODL and get APR/staking, since that's taxed as income rather than capital gains in the US in the best option.

https://www.coindesk.com/library-congress-report-staking-mining-tax

>> No.28514627 [View]
File: 8 KB, 545x272, crypto taxes.png [View same] [iqdb] [saucenao] [google]
28514627

>>28513942
Staking and HODL for 1+ year is really really good if you're in the US. Day trading crypto however is a tax nightmare, feel bad for the neets that day traded their neetbucks to millions.

https://www.coindesk.com/library-congress-report-staking-mining-tax

>> No.28433499 [View]
File: 8 KB, 545x272, crypto taxes.png [View same] [iqdb] [saucenao] [google]
28433499

>>28433351
Swinging is dumb if you're an American. Buy and hold, delegate for 1+ year.

>> No.28251278 [View]
File: 8 KB, 545x272, crypto taxes.png [View same] [iqdb] [saucenao] [google]
28251278

>>28251074
If you want to avoid capital gains and exchange taxes out the ass in the US, make sure to hold for at least a year.

>> No.28170066 [View]
File: 8 KB, 545x272, crypto taxes.png [View same] [iqdb] [saucenao] [google]
28170066

This one picture crashes crypto for normies.

>> No.28005172 [View]
File: 8 KB, 545x272, crypto taxes.png [View same] [iqdb] [saucenao] [google]
28005172

Tax season is coming. I hope you have your transaction history ready.
How much money do you have to make before you should consider hiring an accountant?

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