How can I legally and safely pay zero taxes on my cryptocurrency gains?

preview_player
Показать описание
Do you need to report and pay U.S. federal income tax on gains and profits from cryptocurrency? What about gains from stocks, bonds, real estate, and other investments? Can you legally and safely eliminate income taxes on the money you make through cryptocurrencies? Near the beginning of IRS Form 1040, there's a question: "During 2023, did you receive, sell, exchange, or otherwise dispose of a digital asset (or any financial interest in a digital asset)? Yes or No?" Do you wonder whether you should answer this digital asset question with Yes or No?

If you've earned capital gains from assets such as cryptocurrencies (referred to as "virtual currencies" by the IRS), stocks, bonds, real estate, commodities, would you like to eliminate your income tax liability on these gains?

In this week’s Freedom Hour, Peymon will address these questions and explain the tax laws that apply to appreciations in value from holding these assets or profits from their sale, whether short-term or long-term.

Рекомендации по теме
Комментарии
Автор

Superb insight for those dealing with cryptocurrency

rivstg
Автор

Look forward to seeing comments. It sounds intriguing and legal.

robc
Автор

What do you do if if have filed in previous year? Does it effect you in the future?

robertkehoe