How to AVOID Crypto Taxes - 4 Legal Examples (Beginner to Advanced)

Поділитися
Вставка
  • Опубліковано 8 гру 2021
  • Everyone loves to pay taxes, especially on their crypto gains... but in this video we teach you ways to reduce that tax bill legally! Check out our free DeFi Guide: WhiteboardCrypto.com
    Professional explaining Charitable Remainder Trust: • Avoid Paying Taxes on ...
    Support the channel and join WhiteboardCrypto Club to claim your $20 Ethereum and this month's NFT: whiteboardcrypto.com/whiteboa...
    Explore More Whiteboard Crypto:
    Twitter: @whiteboardCryp1
    Facebook: @whiteboardcrypto
    Instagram: @whiteboardcryptoteam

КОМЕНТАРІ • 831

  • @WhiteboardCrypto
    @WhiteboardCrypto  2 роки тому +140

    DO NOT interact with accounts that look like me.
    They aren't me. I won't EVER ask you to reach out to me.
    They are trying to take your money.

    • @NorthwestLights206
      @NorthwestLights206 2 роки тому +2

      If you put crypto in a Roth IRA (pay tax up front) and the crypto grows in value... wont you still have to pay capital gains tax on it when you take it out (in the event that it is worth more then when you bought it)?

    • @kboy5189
      @kboy5189 2 роки тому

      @@NorthwestLights206 Nope. The basic idea of roth is, it grows tax free and you take it out after qualifying age tax free. But you need to make sure everything is good while investing from roth.

    • @Kietomatico
      @Kietomatico 2 роки тому

      Hey!
      Thanks for your easy explained Videos. Could you check your Mails please.
      I've send you an inquiry.
      Keep up the great work 🚀

    • @kboy5189
      @kboy5189 2 роки тому

      Hahaha you think I was born yesterday? Stop the spam.

    • @emoterazha7474
      @emoterazha7474 2 роки тому

      I'm waiting for the GamerDAO video before I buy $GAMER

  • @jorgecloppmaddeny467
    @jorgecloppmaddeny467 2 роки тому +16

    Crypto is the new gold

    • @paulhjellming8831
      @paulhjellming8831 2 роки тому +6

      Bitcoin trading option is just like any other business but in this case more sophisticated and advanced

    • @telegrammessundee6420
      @telegrammessundee6420 2 роки тому +5

      cryptocurrency will be in every part of the world and I'm glad I trade with Expert Mark Anthony Henderson I comfortably recommend him to everyone

    • @OscarRodriguez-ml8rg
      @OscarRodriguez-ml8rg 2 роки тому +4

      Trading system allow you to limit the factor of emotional influence on decision-making, That's why I took this opportunity so serious, now I trade with expert Mark Anthony Henderson and I have been making a lot of profit even in the dip

    • @scottfowler3717
      @scottfowler3717 2 роки тому +4

      Expert Mark Anthony has managed my investment so we'll that my daily returns is assured

    • @arthurbell4310
      @arthurbell4310 2 роки тому +5

      If you ask me, I think Bitcoin has something big for the world but having a good mentor is the best

  • @fredrikaschulte9235
    @fredrikaschulte9235 2 роки тому +28

    Hello please how does this crypto thing works...I’m really interested, how do I go about investing, kindly suggest a good trader or trainer

    • @morganroth44
      @morganroth44 2 роки тому

      Frank Trading Services strategies is working for me at the moment and am making good profit from Forex and crypto trading, and NFT's

    • @jessicaplessis5562
      @jessicaplessis5562 2 роки тому

      Same here it's four months now I started investing with them and it's been a good experience

    • @lalitnagarajan8469
      @lalitnagarajan8469 2 роки тому

      My first investment with Frank trading services gave me profit of over $24,050 and ever since then he has never failed to deliver and I can even say he's the most sincere broker and trainer I have known

    • @bertoolivarez2808
      @bertoolivarez2808 2 роки тому

      Most time having knowledge or insight about a particular activity can as well be a pleasing exercise .I can boldly say that forex and crypto is one of the profitable money exchange services that elevates investors and their financial status

    • @larahalleck7684
      @larahalleck7684 2 роки тому +1

      ꧁༒☬෴十𝟭𝟯𝟮𝟯6𝟰𝟳𝟴𝟴𝟳𝟰 ෴☬༒꧂

  • @Zaptosis
    @Zaptosis 2 роки тому +7

    Every person should take reasonable steps to combat evil, taxes are evil. Take that as you wish.

  • @nickzapata3247
    @nickzapata3247 2 роки тому +30

    dude, your channel is literally a gift from the heavens. I have shared your channel with so many friends and family members of mine and you really have helped me explain so many things to people that I never could’ve done on my own. Please don’t ever stop making these videos🙏🏼

    • @vriboldi
      @vriboldi 2 роки тому

      It's the same for me!

    • @TheMessanger
      @TheMessanger 2 роки тому +2

      Nick right on; Im starting to remove other channels from my account this is quality stuff!! Im sharing it too!!

    • @micmic7855
      @micmic7855 2 роки тому

      GamerDAO or bust 😎

    • @TheMessanger
      @TheMessanger 2 роки тому

      @@micmic7855 now u got me curious gonna see if there's any DAO GAMES jaja

  • @aldomario2512
    @aldomario2512 Рік тому +196

    Nice Video!!! Very engaging from the beginning to the end, nevertheless, business and investment are the best way to make money irrespective of the set back pandemic😷 brought which the world is gradually healing from. I grow my funds with Amelia Lopez.

    • @gretaperez1574
      @gretaperez1574 Рік тому

      This is not the first time am hearing of Mrs Amelia Lopez and her trading skills but I have no idea on how to get in touch with her

    • @giulianadjitel9594
      @giulianadjitel9594 Рік тому

      I invest with Mrs Amelia too, she charges 20% on profit made after every trading. As a first time investor I started trading with Mrs Amelia with just a thousand of bulks, my portfolio is much more than that now within just weeks of trading with her

    • @mtpocket6719
      @mtpocket6719 Рік тому

      The no risk factor in her investment is the most amazing with her this means she takes full responsibility for bad teased landing you with no chance of losing money, she's indeed the most reliable and reputable broker i know. I invested $6200 and realized $39400 after 14 days

    • @gisellcruz9116
      @gisellcruz9116 Рік тому

      I just started investing in cryptocurrencies. How do I get in touch with your broker?

    • @derrickholmes6954
      @derrickholmes6954 Рік тому

      Amelia changed my life ,and made me who I am today. Because of the high profits I get from investing Bitcoin with her, I'm able to put my kid in a better school and pay my bills..

  • @drover7476
    @drover7476 2 роки тому +2

    Great video, you're the goat explainer bro

  • @priyankajain7731
    @priyankajain7731 2 роки тому +1

    Fantastic presentation!!!

  • @stevegarcia6938
    @stevegarcia6938 2 роки тому +9

    This gonna make him 1 million views, great channel they deserve it

  • @andcrypto
    @andcrypto Рік тому

    I like the way you explain! Good job!💪

  • @dosomething6975
    @dosomething6975 2 роки тому +23

    You are not only good at explaining stuff, you are one of the best my friend

  • @brainsofcrypto4713
    @brainsofcrypto4713 2 роки тому +1

    100% want more info on the IRA's. This would be a huge help, thanks.

  • @christophernavarro9401
    @christophernavarro9401 2 роки тому

    Really great advice. Thank you 🙏🏼

  • @ivanp8723
    @ivanp8723 2 роки тому

    thank you kind whiteboard crypto 🙏🏽🙏🏽🙏🏽

  • @JoseRivera-pl9bc
    @JoseRivera-pl9bc 2 роки тому +1

    Great video and thank you!

  • @EmanBasketballDad
    @EmanBasketballDad 2 роки тому

    Best vid I've seen on crypto taxes yet!

  • @lianetomlinson2106
    @lianetomlinson2106 2 роки тому +2

    Best explanation yet! Thank you for the information. I learned a ton.

  • @cryptogypsy
    @cryptogypsy 2 роки тому +1

    Great explanations. Would love to see a video about other countries tax pros and cons!!

  • @ayoFrostbite
    @ayoFrostbite 2 роки тому +9

    Very helpful content Theodore! I would love to see a video on the crypto tax benefits of various countries.

  • @LazaroASantiago
    @LazaroASantiago 2 роки тому

    Thanks brotha! You the man!

  • @kingterrence
    @kingterrence Рік тому

    Bwoy You Are A Beast With Your Teaching Game 💪🏾 🤴🏾💰💰💰💰

  • @h_k369
    @h_k369 2 роки тому +2

    Can you create a video on IPFS?? Love your work btw :)

  • @allonmyownherewego9893
    @allonmyownherewego9893 2 роки тому +124

    the charitable trust strategy and the loans against assets stratergy are two big brain plays that millionaires are doing around the world RIGHT NOW

    • @2pacisakilthemc21
      @2pacisakilthemc21 2 роки тому +4

      @What’sapp➕①⑤②⓪④⑦⑦⑧①②⓪ ^Fake, don't click that profile.

  • @kodwanikennethmsosa
    @kodwanikennethmsosa 2 роки тому

    Thanks for the tip

  • @cryptoparking
    @cryptoparking 2 роки тому +2

    Hey it would be nice if you make a video of pros and cons of different pro crypto countries to move to!

  • @martinlegrand6028
    @martinlegrand6028 2 роки тому +1

    Your videos are really informative and concise, but please fix the slight reverb. You should think about how to sound proof the room you record your audio in.

  • @fiddysat
    @fiddysat 2 роки тому

    excellent vid , cheers

  • @EJSimonsen
    @EJSimonsen Рік тому

    Great job.

  • @JJones-gw9vy
    @JJones-gw9vy 2 роки тому

    Love this channel and this video especially. Thanks man.

  • @allyson1691
    @allyson1691 2 роки тому

    Awesome - love your videos thank you

  • @TheZman7226
    @TheZman7226 2 роки тому

    Awesome video!

  • @ShaneTrace
    @ShaneTrace 2 роки тому +2

    Another banger bro ! Man thanks for the info , you've really helped me

  • @pablobarriosjr
    @pablobarriosjr 2 роки тому +1

    Please do the video on countries to move to next. And make sure to include Portugal!

  • @patrickreynolds2709
    @patrickreynolds2709 2 роки тому

    Best NFA so far. Thank you.

  • @StupidRalph
    @StupidRalph 2 роки тому

    There's a great video online explaining the CRT scenario and even has a bonus strategy to take care of the family as in additionally oh ok he covered it here too.

  • @songsong2837
    @songsong2837 2 роки тому +14

    Hello what's the best way to get started with trade cos I've been making my personal research for a while now

    • @leandrogabioneta4923
      @leandrogabioneta4923 2 роки тому

      As a beginner who don't understand how bitcoin trade really work and you really want to make profit from it. I will advise you to first start working with a professional broker

    • @siyabonga3123
      @siyabonga3123 2 роки тому

      I will recommend expert Mrs Laura trading service for you her strategies is working for me at the moment and making good profit from bitcoin

    • @marcuspeter58
      @marcuspeter58 2 роки тому

      My first investment with expert Mrs Laura gave me a profit of $13,500 and ever since then she has been the most reliable sincere broker I know

    • @aloyagangi1540
      @aloyagangi1540 2 роки тому

      @Claire Gavin Haha you don't have to be surprised about expert Mrs Laura trading service she's really good and everyone love genuine services, she has helped me recover what I lost trying to trade on my own

    • @kerryscotson1911
      @kerryscotson1911 2 роки тому

      Same here it's four months now I started investing with her and it's been a good experience

  • @faa8882
    @faa8882 2 роки тому

    Need a UK one. Thanks.

  • @bhavinsoni8400
    @bhavinsoni8400 2 роки тому

    Bro you are great
    You are geniuse
    Hats off🎩

  • @Paulakanyutu
    @Paulakanyutu 2 роки тому +48

    I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...

    • @allenhubbard4961
      @allenhubbard4961 2 роки тому

      proper research, good analysis is what you need to make profit in this constant market

    • @Paulakanyutu
      @Paulakanyutu 2 роки тому

      @McArthur
      who is your financial coach, do you mind hooking me up?

    • @Paulakanyutu
      @Paulakanyutu 2 роки тому

      @McArthur
      her credentials are very much appealing, I'll definitely be writing her shortly.

  • @dvdty
    @dvdty 2 роки тому

    Would like too see video on the best countries by tax rates etc!

  • @saurabhverma7366
    @saurabhverma7366 2 роки тому

    thank you.

  • @Lex-lw9bb
    @Lex-lw9bb 2 роки тому +15

    Yes please do a video on IRA! This video alone was 4362% more information than anything I ever got at school.

    • @frandyalfaro8864
      @frandyalfaro8864 2 роки тому +2

      Public Schools are free, paid programs by the government to teach people to be slaves to the system.

  • @rodolfoaiello3434
    @rodolfoaiello3434 2 роки тому

    Thanks Theodore for listening! This video has been long waited! 👍

  • @eossarasota5205
    @eossarasota5205 2 роки тому

    Please make another video on this very good stuff

  • @dannyle2584
    @dannyle2584 2 роки тому

    another amazing video

  • @HowNOT2
    @HowNOT2 2 роки тому

    Super helpful

  • @radarpixel1304
    @radarpixel1304 2 роки тому

    outstanding upload.

  • @AlejandroRioja10
    @AlejandroRioja10 2 роки тому

    please make a video of the countries you recommend!

  • @somers2020
    @somers2020 Рік тому

    Thanks! What about rewards from yield farming and liquidity pool providing? Same treatment as staking rewards? If the IRS agrees that staking rewards are property and not taxable until sold, will this just apply to staking or also to yield farming and liquidity pool providing?

  • @maysarahmustafa1024
    @maysarahmustafa1024 9 місяців тому

    Please more content like this!

  • @MyFavNum19
    @MyFavNum19 2 роки тому +1

    The end of this video just gave me a lot of ideas

    • @pjusino5
      @pjusino5 2 роки тому

      @Pinned_by Whiteboard Crypt0 scammer, impersonating.

  • @svenanderson9085
    @svenanderson9085 2 роки тому

    You should do a video about DAF - donor advised fund.

  • @ikust007
    @ikust007 2 роки тому +5

    You are purely a gem. Thank you

  • @madmullah6067
    @madmullah6067 2 роки тому

    Yess, we need a video about the ROTH IRA

  • @carlosmolinaguerra
    @carlosmolinaguerra 2 роки тому

    Yes please. Complete video on retirement accounts

  • @DocJJohnson
    @DocJJohnson 2 роки тому

    Thank u

  • @humps321
    @humps321 2 роки тому

    can you do a video about what are layer 1 and layer 2 blockchains?

  • @ftb2024_official
    @ftb2024_official 2 роки тому

    Thanks for content you are making. I have a question regarding of regular burnings of crypto, why it is needed?

  • @tykelley2773
    @tykelley2773 2 роки тому

    Another great video man! Would love it if you would do a video on “What is HELIUM - The peoples network”

  • @yowass126
    @yowass126 2 роки тому +2

    correct me if I'm wrong, but coinbase or binance aren't required to report to the IRS until 2024, when they have to send 1099Bs to the IRS and traders. BUT, the IRS certainly can ask for thr transactions and these exchanges have to comply

  • @olgringold5142
    @olgringold5142 2 роки тому

    Please make a video about other tax advantaged countries to move to!

  • @ForrestLee
    @ForrestLee 2 роки тому +3

    Wonderful video on crypto taxes. Could you make a video on crypto friendly countries outside of the U.S.? I know channels like Nomad Capitalist and Heidi Chakos from Crypto Tips have covered it but would love your take on it. Great work as usual 💪🏼

    • @pjusino5
      @pjusino5 2 роки тому

      @Pinned_by Whiteboard Crypt0 scammer, impersonating.

  • @harikrishnanchandramohan4209
    @harikrishnanchandramohan4209 2 роки тому +1

    @Whiteboard Crypto. Is 7% annuity generated like an interest rate without affecting the funds or is it deducted from the funds inside CRT. In that case, wouldn't it exhaust the total funds in just 14 years if you deduct 7% from a sum of 500 grands.

  • @JOSEPHELBOSS
    @JOSEPHELBOSS 2 роки тому

    Amaaaaaazing video

  • @lukemoody4532
    @lukemoody4532 2 роки тому +1

    Do a video on the Elrond ecosystem. (EGLD, Maiar, and their new DEX)

  • @adrinsko2368
    @adrinsko2368 2 роки тому

    A other countries list video would be dope

  • @peterliu8367
    @peterliu8367 2 роки тому +1

    You are my best friend

  • @danielbloom6545
    @danielbloom6545 2 роки тому

    Please do a video on Hashgraph technology

  • @EightsEverywhere
    @EightsEverywhere 2 роки тому

    I just wanted to know = What is good accounting on purchases, trades & sales of crypto? or What is eventually required to report on taxes?

  • @TerminalThirteen
    @TerminalThirteen 2 роки тому

    Great video! Would love a video on Obyte!

  • @asemic
    @asemic 2 роки тому

    id love to see that countries to move to video :3

  • @jd-teilur
    @jd-teilur 2 роки тому

    Genius thanks for the great content

    • @pjusino5
      @pjusino5 2 роки тому

      @Pinned_by Whiteboard Crypt0 scammer, impersonating.

  • @userbayya
    @userbayya 2 роки тому +1

    Nice explanation

    • @userbayya
      @userbayya 2 роки тому

      How can we contact you sir

  • @BenFrankarts
    @BenFrankarts 2 роки тому

    Duly noted!

  • @MrFenderJazz
    @MrFenderJazz 2 роки тому

    please do a video explaining the pros and cons of each crypto avoiding tax country please!

  • @aryandugar5754
    @aryandugar5754 2 роки тому

    Please make a video on What is Tron (TRX).

  • @howlcryptoshogun4829
    @howlcryptoshogun4829 2 роки тому

    as always, great stuff! keep up the great content

  • @shashirajhiremath4816
    @shashirajhiremath4816 2 роки тому

    plz make a video on hedera hashgaph

  • @cenksimsek9795
    @cenksimsek9795 2 роки тому

    Can you make a video about Waves?

  • @jackmacziz6140
    @jackmacziz6140 2 роки тому

    Glad I found this video for when ether hoge and Bitcoin skyrocket

  • @madmullah6067
    @madmullah6067 2 роки тому

    We want also a video about countries with for small payments for taxes

  • @stevecreacy5916
    @stevecreacy5916 2 роки тому

    Video on IRA's? Yes please!

  • @joshjohnson2993
    @joshjohnson2993 2 роки тому

    Love your videos. Could you do one on wilder world and zero? Looks like a really cool project! Thanks!

  • @Bruzumi
    @Bruzumi 2 роки тому

    yes ! Ira videos please.

  • @itsmelloydee
    @itsmelloydee 2 роки тому

    does this applyto stock gains as well?

  • @christianemmanuelf.domingo793
    @christianemmanuelf.domingo793 2 роки тому

    So buy and keep buying and hold for 10 years got it tnx

  • @veerabadhraswamygopu628
    @veerabadhraswamygopu628 2 роки тому

    Please make a video on IRA.........BTW thank you for the wonderful content.................love from india❤️

  • @nanyang6984
    @nanyang6984 2 роки тому

    List of countries video plssss

  • @therealprince777
    @therealprince777 2 роки тому +1

    I feel some dust coins are IRS trackers.

  • @estevanmendoza5207
    @estevanmendoza5207 2 роки тому

    Mina protocol would be a cool video, you lit 🔥

  • @Justintime2grow
    @Justintime2grow 2 роки тому

    What about your mining rigs? Can you deduct that cost from the crypto you mine?? So if my rigs cost 15,000 and I mine $15,000 in ETH and sell it then I have no gains or income?

  • @needleweb6526
    @needleweb6526 Рік тому

    Brilliant

  • @angelafliehman2167
    @angelafliehman2167 2 роки тому +1

    You are amazing … I can’t even explain how helpful these videos have been for me

  • @timbocracy
    @timbocracy 2 роки тому

    You are amazing and happy to see your channel growing so fast.

  • @orang3hill
    @orang3hill 2 роки тому +14

    Great video as always! One good thing to note about IRAs, cypto or not. A big benefit is you can buy/sell/trade within the account without having to account for all these transactions on your taxes

  • @orang3hill
    @orang3hill 2 роки тому

    at 3:15, why do you mention holding from day 300-366 specifically? is that just an example of holding more than a year?

  • @chauncyfleming1828
    @chauncyfleming1828 2 роки тому

    Amazing

  • @rafaroox6727
    @rafaroox6727 2 роки тому

    Great video! Any recommendations for an IRA company that allows you to invest in Crypto freely?

  • @thiagobacellar731
    @thiagobacellar731 2 роки тому

    Hi, could you please create a video about crypto taxes in Australia? Thanks!

  • @saguirre760
    @saguirre760 2 роки тому

    Last month I rolled over a 401k to a Roth IRA. I’m pretty excited about it and plan to DCA into BTC and probably start buying some Chainlink.