BITCOIN & CRYPTO TAX BASICS - ASK AN EXPERT LIVE!
Channel: Digital Asset News
Date: 07/03/2024

Today we are talking with David Kemmerer from COINLEDGER again to go over some of the BASICS of CRYPTO TAXES for Bitcoin and ALtcoins. This will be LIVE so you can ask ANY questions that may have troubled you before. 

PREVIOUS TAX VID - https://www.youtube.com/watch?v=u53_cbnX1-4

CELSIUS GUIDE - https://help.coinledger.io/en/articles/9034802-how-do-i-report-my-celsius-bankruptcy-losses-on-my-taxes

DAVID'S VID - https://www.youtube.com/watch?v=r4pN22laLTI

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●▬▬▬▬▬▬CRYPTO CRITICAL VIDEOS▬▬▬▬▬▬▬●

WHY & WHEN I'M SELLING 80% of my CRYPTO 2025 - youtube.com/watch?v=wHlE8lj_mKI

DON'T MAKE THESE CRYPTO MISTAKES! - https://youtu.be/BEWQzySadsU

DON'T FALL FOR THIS A.I. SCAM! - https://www.youtube.com/watch?v=8m4M0lvP5-o

●▬▬▬▬▬▬CELSIUS/VOYAGER TIMELINE▬▬▬▬▬▬▬●

⏰ June 12th, 2022 (11am). Take ALL crypto OFF of  Celsius ASAP! - https://youtu.be/4QzIzg1HtDU 
⏰ June 12th, 2022 (9pm) - Withdraws FROZEN. 

⏰ June 20th, 2022 -  5 Rules set PERMANENTLY on ALL Live Streams

⏰ June 22nd, 2022 -  Take ALL crypto OFF of Voyager ASAP! - https://youtu.be/LSxeXd5yCEU
⏰ July 1st, 2022 - Withdraws FROZEN

⏰ *"Not your keys, not your crypto" repeated AD NAUSEAUM over 2 years. 

0:00 - Introductions
1:50 - the BASICS of Crypto Tax
3:49 - What about when you DON'T sell your crypto?
7:29 - Net Investment Income Tax
11:07 - Wallets and Exchanges reporting to the IRS
12:44 - Can you use Turbo Tax for Celsius losses?
14:52 - Taxing ORDINALS
15:44 - Are Transactions on DEXs tracked?
17:18 - Can you add VCHAIN to CoinLedger?
19:47 - Not selling Bitcoin. Pay taxes? 
22:25 - Missing Cost Basis?
25:22 - What happens when you've gone years without filing taxes?
28:25 - Staking accumulation - taxable event?
30:09 - How long can you go without filing taxes?
30:38 - What about USDC?
32:12 - Transaction fees - taxable?

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●▬▬▬▬▬▬▬▬STRATEGIES▬▬▬▬▬▬▬▬▬●

► 5% DEGEN PLAYS  - https://bit.ly/DEGEN
► ALL CRYPTO EXITS (OLD) - http://bit.ly/allexits
► 2024/2025 EXIT (NEW) - https://bit.ly/2025EXIT
⭐️4 YEAR CYCLES - https://bit.ly/4yearCycle
⭐️DCA 5 Examples - https://bit.ly/dcafive
⭐️WHY DOGE - https://bit.ly/dandoge
⭐️$10 WEEK DCA - https://bit.ly/dcadanweek
⭐️Did it ATH? - https://bit.ly/did_it_ath

●▬▬▬▬▬▬▬▬DISCLAIMER▬▬▬▬▬▬▬▬▬●
#BITCOIN #ETHEREUM #CRYPTO #SOLANA
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.

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