ACCOUNTANT Q&A: Crypto Loopholes To Avoid Tax (Legally)

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[monaton]

Bought NVDA55K after watching your video, super excited! 💰

[mayahall]

NVDA55K is still extremely undervalued

[Sar-ud]

It was stupid of me to sell $96, 000 worth of NVDA stocks without reinvesting. (Buying bonds or CDs is not for me). I’d rather stay 100% cash, or are there any other investments that can 10x in 6 months? I have 200k ready to be reinvested

[Nicolesims]

I know nothing about trading/ Investing and I'm keen on getting started. What are some strategies to get started with?

[Cryptogally]

Actually the 1040 asks if you sold or disposed any crypto. If you just held, you can say no.

[asht]

What's the lowest amount to make this beneficial? $500k ? $250k ? $100k ?

[Klaus__]

I'm favoured $39k every 8 weeks! I now have a good house and can afford anything and also support my family

[justinstricklin]

Step 1 Start a S.Corp. Step 2 Mining Ops Setup. Step 3 Sell USD and Transfer to CRUT. on the 3 month income do you pay tax on that and how you pay taxes on the mining ops in the S Corp when you sell and get tax on the Short term Capital Gain

[vincentvalentine]

Brilliant Sir Thank you so much for Gracing us.

[MrEvanBacon]

is it reasonable to assume that ppl pursuing the Trifecta, have a day job that they work that's detached from this strategy? How do ppl eat with the Trifecta?

[Roninbuilt]

New American Dream… Renounce citizenship, exit tax slavery.

[jamesolson]

Can you keep adding to the CRUT year after year, or is it only a one time payment?

[Justin-General]

Crypto looks cool to get into but I think the complexity of frequent trading and how to record keep that is more intimidating than the taxes, and people don't mind if there was just a simpler system. Can you just create an offshore corporation in a tax free jurisdiction to transfer the crypto assets to, be able to trade without 106% of your time going to record keeping. Then if you pay yourself once a year or a few years a chunk out of it, that's one amount to easily calculate tax on? Like a payment or commission to an employee of the corporation. Then you might have a single transaction in years that you can just pay the taxes on. Does that work?

[sweetsuccesstrading]

That ONLY Applies if You Fill out and Sign the Form.

[vansicklejerry]

Wow. 40% of people don't have $1000. That is sad.

[doomsdaypreppersofsouthcar]

You got short term and long term taxes when you sell...do you not?

[XRPeakyBlindAR]

In your example of a crut paying out 10 percent a year. On a 3 mil crut how does it not run out paying out 300k a year. That’s 10 years worth. And nothing remaining for trust. What am I missing.

[rspect]

If i make a 100k capital gain profit and 50k as w-2 taxable wages. Does my capital gains tax bracket change based on my total income tax? (150k or just 100k)

[DylanScott]

Strong BUY. Still early innings. NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even w new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded.

[swarakiera]

Your advice led me to NVDA55K, holding for 5x gains. Exciting listings ahead!