Yes, cryptocurrencies are taxed :(
In this episode, Nick provides a primer on how they are taxed and which transactions count as a taxable event. He then touches on how to prepare your taxes and the strategies you can implement today to reduce your tax liability.
3:12 - How is Crypto Taxed
4:27 - Taxable & Non-Taxable Events
7:24 - What Tax Forms Do You Need
10:42 - How to Calculate Your Tax Liability
12:05 - How to Save on Crypto Taxes
Want to optimize your financial life for the digital age? Schedule your free 30-minute consultation at OneDayAdvice.com and mention the podcast.
Resources Mentioned:
Crypto Tax Software:
Helpful site for chains that don’t sync to software: Stake.tax
Invest in Crypto inside an IRA (Retirement Account): AltoIRA.com
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