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IN THIS VIDEO: In this video I will walk you though cryptocurrency taxes and the 5 frequently asked questions related to how crypto is taxed.
IRS Forms:
-1099-MISC: https://www.irs.gov/pub/irs-pdf/f1099msc.pdf
-8949: https://www.irs.gov/pub/irs-pdf/f8949.pdf
-SCH.D: https://www.irs.gov/pub/irs-pdf/f1040sd.pdf
🎥 WATCH NEXT:
➡️ How Is Ordinary Income Taxed?: https://youtu.be/beaOWEus7T8
➡️ IRS Audit Explained, Key Facts: https://youtu.be/xFVOoFOUjxc
➡️ Capital Gains Explained: https://youtu.be/YYROyZDuhlY
➡️ Tax Avoidance Tips: https://youtu.be/ObOLHMxVvLI
➡️ 2021 Homeowner Tax WriteOffs: https://youtu.be/ttO-EBMR12w
➡️ Crypto Taxes Explained: https://youtu.be/3XbHU3AyiXQ
➡️ Lower Your Crypto Taxes: https://youtu.be/HNa7EfWuHMY
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In today's video I will walk you though cryptocurrency taxes and the 5 frequently asked questions related to how crypto is taxed. Leave your questions in the comment section below the video. I will select several for my future videos. Subscribe, ring the bell and give this video a thumbs up. Thank you for watching!
Your content is precise and on-point. (Loud and Clear). I do watch almost all updates of your informative videos and honestly, I learn a lot and it did, in fact, yield significant savings to my portfolio.
IS SLEEPY JOE gonna want my unrealized capitol gains NOW ??
So for crypto day traders are they gna have like a 100 page 89whatever lol
Hey! As always, a cool video, I have a question what kind of currency would you buy during a period of rising prices, by the way I found the news that HashEx conducts free audits.
one more. Are crypto bonuses paid for opening an account or for meeting certain trading minimums considered taxable income?
is it true the wash-sale rule doesnt apply to crypto in 2021? If so, can I realize a loss in a crypto and then buy the same crypto back?
are credit card rewards paid in crypto txable income? my thinking is, no, not until i sell said crypto. Thoughts?
Just to be clear, if I have purchased (but not sold) crypto in 2021, I must answer "Yes" to that question at the top of Form 1040, even though I report no gain or losses – correct?
Uncle Sam has to get those taxes, lol! Hi Lena
I would absolutely love a video on capital gains tax for selling precious metals. For example 1 of my concerns when the time comes is that I've been told the sale of certain coins is exempt from the federal capital gains tax, but I don't know which coins or if that's even true.
Thank you Lena
What different between Crypto currency and the US Dollar as in our Bank Account…. ??????
Don't have a question, but I know staking tracking is going to be a blast. Need to build a ledger of tracking awards and when it hits long term gains. Guess maybe I do have a question. Is there a way cash out staking only or cash out the original investment without cashing staking awards or is it first in first out like stocks?
Thank you Lena. You are a trusted resource and so appreciative to have your channel to reference upon. Happy Holidays.
thanks for sharing. always informative!
I hate taxes, but those short term cryto traders must pay the same taxes as me like net investment taxes and ordinary income taxes on my option trading.