2024-12-26T09:05:03+0000

Andrew Gordon, an expert Crypto Tax Lawyer, delves into the little-known aspects of cryptocurrency taxation. Discover the '1 strange loophole' that savvy crypto traders are using to significantly reduce or even eliminate their tax bill. This insightful talk is a must-watch for anyone involved in the crypto market who wants to stay ahead of the curve legally. Tune in to uncover strategies that could save you a fortune in taxes! Connect With Andrew: https://x.com/accounting?t=ADqIPyD2wINPStQCx-NSiQ&s=09 Website: https://gordonlaw.com/team/andrew-gordon/ #nftmarket #nft #nfts #ethereum #bitcoin 00:00:00 - 00:27 Intro 00:00:28 - 00:52 Andrew Gordon Introduction 00:01:14 - 00:02:18 Tips and tricks for people that are unaware of the Tax Liabilities 00:02:18 - 00:02:38 Tax Loss Harvesting 00:02:38 00:03:33 Clemente's Question about Tax Loss Gain 00:03:45 00:04:35 A Short Term Loss can still offset a long term gain 00:04:35 - 00:05:40 The Difference Between a Long Term and a Short Term Capital Gain 00:05:40 - 00:06:59 A Huge Loophole in Crypto 00:06:59 - 00:08:08 Why you can write off your INCOME 00:08:08 - 00:09:26 Tips for Casual Crypto Traders 00:09:26 - 00:11:06 Airdrop WARNINGS 00:11:06 - 00:12:11 The Reason Why The Wealthy Class don't pay much tax or no tax at all 00:13:00 - 00:14:45 Do I need to sell to my worthless NFTs to Unsellable? 00:14:45 - 00:16:28 3 ways to BEST optimize your 2023 tax bill 00:16:28 Outro -- DISCLAIMER: You should never treat any opinion expressed by the hosts of this content as a recommendation to make a particular investment, or to follow a particular strategy. The thoughts and commentary on this show are an expression of the hosts’ opinions and are for entertainment and informational purposes only. This show is never financial advice.