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Crypto ScholarForum Replies Created
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I just sent you a request from iOS through website. The app was flaky and had to uninstall. Try the main route through the site.
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Great recap, extremely concise time saver…Deri, Ambient finance, and Mitosis have my attention. Thanks for showing us something new coach!
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Great questions! I’ve only found out the things you’ve mentioned so far, but open to more tricks of the trade. My goal is to set up a 501(c)3 or trust to eventually bypass all taxes in the states if I stay here.
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There may not be a big BTC dip this time …thinking I should’ve reevaluated my strategy and bought BTC over the weekend and waited to get into the MV. I still have some of my stack so I might do that this week…
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I did not set up a separate chrome profile with MM, which I now remember Casey mentioned also…is it too late to do this before I start trading?
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Thanks that right appreciate reminder. BTW I meant to write “managed vault” strategy but it autocorrected to nonsense…managed fiet🤦♀️, and I didn’t catch it
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I’m APEX. What’s the link or archive to search Gven’s tax video? Someone shared it with me but I got busy and then I think I closed the window.
I had a meeting with Lorenzo’s assistant. They recommended koinly to keep track of everything. Also, keep in mind that borrowed money is not taxable income, and capital gains implies you can also have capital losses. Meaning, if you have some gains to deduct from, you could hypothetically take a loss and then rebuy your coins to offset the tax liability. I was going to do that when the market started dipping, but it didn’t drop enough for it to be worth transaction fees and gas bc I’m dealing with mostly ETH. I think it’s called a tax looping strategy. I was interested in setting up a 501(c) three, trust, or ROTH IRA as a tax shelter if you don’t need to take profit. However, I need a little bit more money to make the 501c3 worth it so I think ROTH for retirement might be better. Obviously DYOR. You can also set up an LLC which might help with business expenses depending. That’s as far as I know .. you can make up to $400 before you have to claim anything in the US. It’s only a tax liability if you sell a coin or close a position, it doesn’t matter if you cash it out for fiat or not. So if you’re just buying coins and you do nothing there’s no liability to claim until you sell it but if you’re trading, it’s a tax liability…unless it’s done under the nonprofit tax shelter. That’s where the tax looping strategy would come in. pretty sure the manage feit user some of the strategies I need a refresher to jog my memory. Hope that helps get your search. Started good luck and let me know if you come accords anything helpful to start a 501c3 Roth IRA or LLC
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Do you recall which dates or can we search my “tax” topic?