why capital gains tax on crypto is dumb

Last Updated on December 29, 2022 by Paganoto

9 Ways to Cut Crypto Taxes Down to the Bone – Kiplinger

Cryptocurrency is considered “property” for federal income tax purposes. And, for the typical investor, the IRS treats it as a capital asset. As a result, …

Capital gains tax is stupid. : r/Bitcoin – Reddit

Capital Gains tax literally taxes us if our currency falls in value, the more the government inflates the currency the more asset prices appear …

Why Capital Gains Tax does NOT work for Cryptocurrency

If Crypto fulfils its potential, the capital gains tax on Cryptocurrency will have to be abolished. As you can now see with the above examples, …

This CEO Says Crypto Traders May Be 'Shocked' by Their …

All earnings are considered capital gains, just as if you sold a property. Capital gains and losses are reported on Schedule D and Form 8949.

Avoiding Capital Gains on Cryptocurrency – YouTube

Going LIVE at 415 going over all of your tax and legal questions as well as an incredibly awesome topic, “Avoiding Capital Gains- Crypto Tax …

Why Capital Gains Tax On Crypto Is Dumb – crypto-faqs.com

Crypto Tax Rates: Long-Term vs. Short-Term Capital Gains. The rates of crypto taxes depend on the holding period of the asset and can be categorized into …

How crypto traders are avoiding taxes with a lending loophole

Normally, you’d need to sell some Bitcoin to buy Stellar, but that would trigger short-term capital gains (it’s been less than a year since you …

You Don't Have to Pay Taxes on Crypto! And Other NOT …

If that’s you, the CRA will consider your crypto earnings as income, not as capital gains, says Hayward, and tax you accordingly.

US Government Unrealized Gains Tax Plans Might Hit Crypto …

But an unrealized capital gains tax has the potential to change all … taxing unrealized capital gains â€œmay be the single most stupid …

Capital Gains Tax on crypto currency and the tax free threshold

When you sell the cryptocurrency in the future you will need to calculate a capital gain or loss. If you make a capital gain, that needs to be declared as …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.