Bitcoin TAX loophole - Do this BEFORE new years (crypto tax loss harvesting)
If you’ve taken a loss on your crypto assets this year, you could potentially save thousands on your taxes with a legal tax loophole without even having to change your portfolio.
There is a catch - you’ve got to do it BEFORE the year is over.
Don’t overpay on your taxes this year just because no one ever taught you this trick.
With tax loss harvesting you can count a loss on your taxes that will cancel out other gains, including some of your ordinary income, and roll losses over indefinitely into the future when you might need them more (we’re pretty optimistic about the future of crypto $$$$).
In this video we explain:
What tax loss harvesting is
How to harvest tax losses
Resources we’ve found to make crypto taxes easier
Realize those losses and maximize the benefits of the bear market!
Save $10 on CoinTracker tax plans: https://www.cointracker.io/i/jFxAUMlUrWca
CPA & crypto tax specialist: cryptotaxgirl.com Twitter: @cryptotaxgirl
Related articles:
Reap the Benefits of Tax Loss Harvesting to Lower Your Tax Bill (Schwab):
https://www.schwab.com/resource-center/insights/content/reap-benefits-tax-loss-harvesting-to-lower-your-tax-bill
Save Big with Cryptocurrency Tax Loss Harvesting (Coin Tracker): https://medium.com/cointracker/save-big-with-cryptocurrency-tax-loss-harvesting-5abd2e68d65c
Disclaimer: We are not certified public accountants and this information is for informational purposes only. The information in this video is not intended to substitute for any legal, tax, audit, accounting, investment, or financial advice. For financial, tax, or legal advice please seek the services of a qualified professional. Always do your own research.
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