New Bitcoin and Crypto TAX CHANGES Explained
Right here is the hyperlink for KuCoin:
Be a part of our Unique Crypto and Inventory Content material on Patreon:
You will get began on Robinhood too together with your sign-up bonus:
Investing Errors to Keep away from:
Investing Ideas for Inexperienced persons:
Understanding Shares and Investing:
Taxes on Shares Explained:
Widespread Inventory Phrases:
Dividend Shares Explained:
Guess Towards Shares:
Use Name Choices To Make You Passive Revenue:
Please be part of our free mailing checklist:
– Crypto Tax
– Crypto Taxes
– Crypto Tax Adjustments
ClearValue Tax and associates and associated events don’t present tax, authorized or accounting recommendation. This materials has been ready for informational functions solely, and isn’t meant to supply, and shouldn’t be relied on for, tax, authorized or accounting recommendation. You must seek the advice of your personal tax, authorized and accounting advisors earlier than partaking in any transaction.
Authorized Disclosure: I’m not a monetary advisor. The data contained on this video is for leisure functions solely. Earlier than investing, please seek the advice of a licensed skilled. Any inventory purchases I present on video shouldn’t be thought of “funding suggestions”. I shall not be held chargeable for any losses you might incur for investing and buying and selling within the inventory market in try and mirror what I do. Until investments are FDIC insured, they might decline in worth and/or disappear solely. Please watch out!
If privacy is important to you, you should consider Kucoin where you can buy and sell cryptos: https://www.kucoin.com/ucenter/signup?rcode=2MPr3rr&lang=en_US
I do not Recommend any illegal tax
Winks at camera
How do I report to irs if I got scammed on Coinbase for example ? Someone moved my funds on Coinbase , could I have some irs deduction ?
형님 감사합니다
How do I move my crypto from US based Exchange, to Kucoin without that being flagged?
Couldn't say, robinhood still supply the IRS the 1099b form, and follow the money?
I really don't want to pay taxes for last year.
I made 150k, but have since lost half of it. Meaning, I'll have no money left after paying capital gains this year.
It sucks being a US citizen. You can't do things that the rest of the world can.
I love this guy lol
LOVE YOUR VIDEOS YOU SPEAK VERY GOOD ENGLISH
Lmfao US is done we going to watch collapse
why do we have to pay taxes if they can just print money?
Doesn't condone avoiding taxes but gives us his referral link to Kucoin! lmao love it
you are going to be flagged for being an idiot lol
Thanks for the info! Curious about selling a crypto that I am in the red on and buying back in almost immediately. Would I be able to realize that capital loss as a deduction on my taxes this year?
Hi Brian, new to your channel and appreciate the great information you've been putting out. Question about tax law change number one regarding the 1099b:
With the government now requiring crypto brokers to issue out 1099Bs, would you agree that this is a step towards crypto being placed in the same category as traditional securities, allowing wash sale rules to apply to them? This "loophole" idea has been debated about (and frowned upon by many), so it would be nice to get your opinion on it.
Appreciate your time!
Yet an other great video. Thanks for explaining these "unnecessary" complicated tax rules.
When I try to deposit money it asks me for me for my person info. Is there any way around this? is this kyc
KuCoin is super shady.
They need to start going after all that video game money we spend in MMO's and RPG's too. It's not so different.
Do you know of any tax software to use that can help with the crypto taxes?
us gov is bankrupt they trying to scrub money in any shape or form. actually, all the countries related to IFM fiat also bankrupt because they no longer printing dollars except us
Thank you for the concise advice.
If in the event that if a friend owes me and decides to pay me in Bitcoin let’s say he owes me 600 for rent would I need to report that? Is that a taxable event?
Privacy is important to me! Subscribed!!! Thanks
this guy has great hair
If it’s not US based aren’t you subject to fatca reporting anyway?
Is KuCoin safe to use like as In identity protection etc?
So if you use kukoin, and sell, can you deposit it to a us based bank account ? Or how do you withdrawal?
So I'm ignorant and don't understand. Isn't the point of crypto so nobody has control over it?
I'm in coinbase only because that's where my family told me to go buy Crypto. I just can't deal with the back and forth anyways, haven't checked it in weeks.
Great video. So if you bought coins through kucoin and make $9,000, then want to cash out. how would you go about that?
So if you earn or stake crypto on the exchange ? Do you owe or have to pay back interest from staking at the end of the year even though you have didn’t sell the crypto?
If I convert crypto to another crypto does it count as a sell and do I get taxed from it??..
does this take effect starting 2022 or 2021?
The $10,000 rule already applied to cash purchases before this.
Hey Brian do you think they’ll be ballsy enough to tax crypto NFT transactions? Or can you even tax something like NFTs?