Altcoin Holders! Don’t Make These Tax Mistakes! (WARNING)

Рет қаралды 10,787

Күн бұрын

Altcoin holders! Do NOT make these tax mistakes in this bullrun - THOUSANDS of dollars will be lost if you make these mistakes!
I am warning you now, so please be careful!
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Пікірлер: 87

@GeorgeELeo-qs4bv Ай бұрын

I acknowledge the effort and dedication you put making this video, my sincere appreciation to this channel your videos has really helped me alot thanks please I have been making huge loss on my trading account. How can I change this situation

@ArthurBHenry-kf5xr Ай бұрын

One truth you need to know is that success is not built on success it's built on failures, frustration even depression and pains, most professional traders you envy today has gotten their own share of lost, I have been in that situation of consistent loses until I met with Maren heule howard. A professional portfolio manager whom I met at a conference in London. She's my saviour and I will continue to be indebted to her

@GeorgeELeo-qs4bv Ай бұрын

Thanks for the info. I really need this to rescue my family from poverty. How to reach her😪@@ArthurBHenry-kf5xr

@ArthurBHenry-kf5xr Ай бұрын

Wassap

@ArthurBHenry-kf5xr Ай бұрын

+1218

@ArthurBHenry-kf5xr Ай бұрын

2806

@kourtneyrice8667 Ай бұрын

Great content! as the world crisis progresses the smartest thing people do lately is building a strong investment that isn’t controlled by the government. Like digital currencies.

@katharinaibrahim7117 Ай бұрын

Are individuals still holding crypto coin and stocks? I didn’t know that , I guess a few know about integrating into the micro economy to help substitute FIAT or usdt for a more tangible exchange Experience, it more like capitalization with about 43.307% profits/ ROI weekly though.. Anna Dorris Arthur ,got me covered!

@andreastieneke_grober8040 Ай бұрын

Please how do I reach out to her? I’m in need of her assistance.

@katharinaibrahim7117 Ай бұрын

+1838

@katharinaibrahim7117 Ай бұрын

205

@katharinaibrahim7117 Ай бұрын

8294

@Andybojangles Ай бұрын

Australia taxes are even more fucked then usa taxes 😂

@knowledgeismoney913 Ай бұрын

We also pay GST more then anywhere in the world...

@ayushdahapute8790 Ай бұрын

Is it worse than a flat 30% tax on crypto profits and non offsetting losses ...(INDIA)😢?

@StarlightStarbrightOracle Ай бұрын

Thank you. I think I requested this a while back - much appreciated. Cheers from NSW

@justuhdude2684 Ай бұрын

Thanks for going over this. Definently something folks need to factor into their expected returns.

@mikew6135 Ай бұрын

I know you this is obvious but you do not pay tax on what you invested. If you lost in the previous cycle but held. You are not in gains until that account passes the previous investment level. Common sense but i just wanted to put it out there

@Flotsam7jetsam Ай бұрын

I believe the current US administration was trying to pass a law to accrue unrealized gains from the crypto populus, but it did not pass. So even though you didn't take a profit during the fiscal year, they would have charged you as though you did. They are definitely not acting in our best interest.

@bradpuckett4544 Ай бұрын

Hi, I live in California and look forward to your videos and ALL of the valuable content you deliver to this community. Living in such an expensive place like California, I know so many people who get into trouble with The Tax Man! We all hate taxes for sure, but they're a fact of life in nearly every country, so I appreciate your efforts to explain these complexities to the community, and your delivery of the information is easy to understand and is very valuable to people; hopefully, they will take it to heart! I appreciate YOU! Yes, the latest Alt Coin can be interesting to hear about and possibly invest in; however, understanding ALL the implications of cashing in big bags is something a lot of the younger crowd really needs to understand. No one wants to be haunted by years of tax payments (with interest) to the taxing authority of whatever country in which they live. Thank you for continuing to deliver such valuable information to us as we navigate some troubled waters with geo-political issues, crumbling fiat and a complicated time with investing, in general! Cheers! Brad

@hngloose2 Ай бұрын

Thank you 😊

@kb13789 Ай бұрын

Great content bro. It is difficult to time this sometimes you enter into a coin and it moons within 12 months it wouldn’t make sense not to cash out because of the high level of volatile in the market. If a coin moons after 7 months of puchase and you want to hold another 5 months anything can happen within that time frame. It’s a tough one but overall I would say at worst assume the highest level of tax will be paid and do your calculations based on that

@MrBenjaminCherrie Ай бұрын

There’s a lot of ways around the tax component

@soccerclips8999 Ай бұрын

Name some ?

@spooky2k2 Ай бұрын

UK is Capital Gains Tax for crypto gains, though Income Tax for staking income airdrops. UK CGT has 3k 0% then 10/20% dependent on your income tax band.

@brettCB Ай бұрын

Thanks

@DeFiMorts Ай бұрын

Thanks mate, this is the video I've been waiting for. I have googled the shit out of this and even asked the questions to other well known Aussie Crypto influences (I am a memeber of their VIP group) and everyone is too scared to answer this questions. Cheers.

@hewellwood 4 күн бұрын

Thank you for this superb Tax vid Kyren, I found it very helpful. Not a fun topic as we well know,, but you have made me consider setting up a Trust and pointing out the 12 month capital gains window, will be great advice to many. Appreciate the insight from a fellow aussie.

@PULSEXBillionzz Ай бұрын

US Corp tax rate 21% for now, Biden is try to push it up to 28% so going corp may not be good.. Long term capital gains 20%. Short term up to 37%.

@CryptoKommando Ай бұрын

This content definitely is appreciated. You answered many questions I had lingering in my head regarding tax time that's for sure. One other thing I would like to know is. If I make losses in crypto can I use that to reduce the amount of tax I pay from my wages from my job as a rigger 😁 If that makes any sense 😊

@ashleymorris6636 Ай бұрын

how do you store all your crypto with one cold wallet? ive got icp and hbar and dot but they arent on the wallets i have . is there away to have them on using one seed phrase as i dont want to have loads of diffrent wallets passwords ect. i have about 10 diffrent coins but its these ones that aint able to be kepted using the cold wallets i got (one key and trezor) appreciate any feed back

@RioCrypto55 Ай бұрын

Hey bro, love it. However, od gladly pay 50% tax on a million to start. It is hard enough to take profits at times. Good luck everyone 🎉🎉🎉

@coreyfrasca2073 Ай бұрын

what do I do if I bought some crypto back on Voyager before it collapsed and withdrew it to a different wallet and now I don't know my average cost per coin or how much at I bought at each price?!?!😢

@tandl9088 Ай бұрын

But if you're buying the same project over the time, some will be sold within 12mths and sine if the project past 12mths?

@robinbenson6140 Ай бұрын

In Australia - you cant claim a crypto loss untill the following year . So dumb

@MrBenjaminCherrie Ай бұрын

Crypto portfolio should be registered under a company , that company invests in property and other assets. Gains go into property or dividend stocks, cars etc( because you’re an influencer and need the car to attract viewers therefore the car is a write off. And there goes your tax component

@danielselvyn2 Ай бұрын

Just keep your stables on a ledger and withdraw enough to live on because fuck the tax man

@chipvitale6752 Ай бұрын

I’m trying to donate as much money as humanly possible to avoid tax’s. Rather bless a local charity than give my money to crooked government. It’s going to be very hard, cause if the bull run starts to end in earliest November 2024, and I’ll be selling on the way up, it’s messy when u have to split it between 2 calendar years

@steveandes3977 Ай бұрын

Thank you for this reminder!

@gemhunter126 Ай бұрын

Kind of irrelevant if your bags crash by 80% while holding longer to get a capital gains discount.

@frank4solana Ай бұрын

You just killed the vibe

@kadenboi3781 Ай бұрын

Iv worked out what it is in new zealand which is similar but no discount for holding but it averages out at around 30% its pretty messed up

@amdadurrahman-hp4qf Ай бұрын

Love you brother, watching you and hope do better in future

@plexie5740 Ай бұрын

Thanks for making this, we all need to keep these realities in mind, especially all the moonboys and moongirls lol

@valirvan1287 Ай бұрын

Plan to hold memecoins and alts , and Im eyeing on $HUGE for my alts , what do you think ? Its new gem.

@xristos596 Ай бұрын

Why are you so bullish on $HUGE ?

@nisarjaffrey8960 Ай бұрын

Because it’s Huge

@colinchristian6415 Ай бұрын

Federal income tax is voluntary

@flezmo Ай бұрын

@cindymarks4758 Ай бұрын

@@flezmoIt actually is, but these tyrants will still throw you in jail.

@flezmo Ай бұрын

@@cindymarks4758 Sounds like it isn't voluntary

@2Much4TheseBitches Ай бұрын

never pay those crooks, anyone with a 3 igit iq can hide their crypto

@mikew6135 Ай бұрын

It's a racket. And almost impossible to avoid whether optional or not

@granitxhaka7261 Ай бұрын

Indian Crypto Tax rate is the worst 😢

@MahamedChiltenov-fj8iy Ай бұрын

ICP will lead the game.🎉

@GaryPlumber Ай бұрын

Excellent video, smart kid

@rabihh78 Ай бұрын

i won't raise my hand, crypto tax is not in my country :D so i'm already up 20%

@paulfisher4669 Ай бұрын

Just move to the UAE.

@knowledgeismoney913 Ай бұрын

You have to move there before buying any crypto...

@tc1wrld Ай бұрын

Crypto for the win❤

@DaisyandDebbie Ай бұрын

❤ Great information ❤ thanks

@tanyakwasza6897 Ай бұрын

Hope your having a Great time in dubai!!

@onediversity6317 Ай бұрын

Do you think QNT will 10X or not even that?

@nisarjaffrey8960 Ай бұрын

Ya don’t take them seriously they just say 100x for views DYOR

@racielrobles5620 Ай бұрын

Haha it’s really cause fuck the irs

@THENEONJAY Ай бұрын

This guy is paid off

@RSLIII Ай бұрын

For example. For us in the U.S. it’s very important to hold for at least one year. Cuts your tax bill in half.

@shanehanson8391 Ай бұрын

I’m favored financially with cro 1,000,000,000 weekly profits

@GaryPlumber Ай бұрын

Let's Go Brandon !!

@flezmo Ай бұрын

gay

@GaryPlumber Ай бұрын

@@flezmo have you seen the Big Mike on Eth token?

@mikew6135 Ай бұрын

Crooks will always find a way to steal your gains. No bigger crook than the US government

@RSLIII Ай бұрын

Thanks for this: so badly needed. There are influencers in the emirates that preach “taking profits at 2x” etc and they don’t realize that those in most jurisdictions can’t trade like that. You’ve got to make it a core part of your strategy.