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/biz/ - Business & Finance

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15603174 No.15603174 [Reply] [Original]

I make 3 million a year in crypto staking HYPOTHETICALLY. Will I write this off as capital gains, or as dividens? How tf do I do this complicated shit?

>> No.15603178

>>15603174
You make 3 millions a year staking IF you're staking a coin that is not falling.

>> No.15603182

>>15603174
Take that shit to a top tier accountant. They will know all the loopholes for to maximize your profits.

>> No.15603190

>>15603182
this is what i did and can only recommend, saved me like 50k in taxes

>> No.15603226

>>15603190
How did he save you the money can you share?

>> No.15603391
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15603391

>>15603174
how did you make that much just by staking? i would think you would need to hold at least 30mm at a staking return of 10% to make that much, and you are asking on biz??

>> No.15603416

Staking is income, you treat is as self employed. If making that much then you would pay taxes quarterly based on estimated earnings, get an accountant because that shit is a headache and you have more important shit to do. Look for an extra jewish one so you can pay the minimum to gubment.