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 101 days ago
 Source: youngupstarts.com

6 Ways To Easily Decrease Your Crypto Tax Liability - Young Upstarts

Quick Summary

When you choose to sell off your stocks, bonds, or cryptocurrency, a special tax called a capital gains tax is assessed by the government. This functionally allows you to trade the short term capital gains tax for the long term version. This allows crypto investments to grow much more quickly than they would using other methods. They’ll be able to make better use of specific rules, exceptions, and loopholes related to crypto capital gains, so you might be able to save more than you would otherwise. You shouldn’t worry too much about the profit you’ll be losing from capital gains taxes.

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