3 Tax Mistakes Bitcoiners Make That Can Erase Years of Gains - Interview With The Bitcoin Accountant
Manage episode 521440399 series 3512732
What are you really going to do when it's finally time to sell your Bitcoin and then pay your tax bill?
If you're investing in Bitcoin, the exit plan is just as critical as the entry point but most people have no clue what selling actually looks like, especially with looming capital gains taxes, evolving lending options, and future regulations.
I speak to Robin Thatcher - The Bitcoin Accountant to learn more about bitcoin and tax. Click above to go to his website.
In this episode, you’ll uncover:
- Why "never sell" isn't a one-size-fits-all approach and what wealthy Bitcoiners are doing instead.
- The hidden tax traps of Bitcoin backed loans and why borrowing might cost you more than you think.
- The essential records you must keep now to avoid being locked out of your Bitcoin gains in the future.
Press play to learn how to protect your gains, avoid costly mistakes, and make smarter decisions as Bitcoin matures.
Free Guide
Click this link for a the guide on How to Buy Your First Bitcoin and Keep it Safe
Get intouch with Myles at [email protected] - I am always happy to chat and help listeners.
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60 episodes