How To Avoid Crypto Taxes: Cashing out

[@jescowhite3708]

Dude you always have great advice and tips. keep it up.

[@FullValueDan]

Want to get better at doing crypto research? join.fullvalue.club/waitlist

[@JPs-q1o]

​@@FullValueDan This video has some of the most poorly researched half-baked nonsense on KZbin. Let's review... 1) Send crypto from CoinBase (which has your identity linked to your wallet addresses) to a non-KYC exchange 2) Trade (i.e. SELL your crypto from a legal tax perspective) and fatten your bags (i.e. make CAPITAL GAINS from a legal tax perspective) 3) Send your gains (CAPITAL GAINS) to your fiat off-ramp (which is, no doubt, another exchange which has your identity) to convert them to US dollar (i.e. SELL them) 4) Pray that nobody at the IRS bothers to even remotely look into this activity because if they do there's a strong audit trail leading right to your balls which they can lock up for a lifetime or two.

[@JacobFrey]

I was audited by the IRS just for watching this video.

[@Andru.]

Lmao, just blame the algorithm. 😂

[@cryptomike4758]

The algorithm is Uncle Sams cousin

[@graysonwood8816]

they took all my lambos

[@MarcRebilletClips]

Imagine the guy who posted it

[@jaysnodgrass7486]

Haha how the hell would u know it was from watching this video

[@jonnyboy950]

Why pay taxes when central banks are just printing money

[@susguy5]

Woke

[@cynthiaaiken2424]

delay the inevitable for a minute

[@alukea123]

money is a illusion and taxes are for slaves

[@j.d.c.777]

Literally

[@sharlawya6868]

Because they have balls of steel, and we don’t.

[@zefievideo]

I dont even mind the taxes, but flagging crypto to crypto exchanging as short-term capital is ridiculous. I think they are trying to kill crypto by over taxation.

[@dYanamatic]

The governments are like emotional children right now. They have no idea how to find out anything much and prove anything, so they will just make the laws so vague like 'Have you bought crypto or received crypto'. Yes I have. I sold it all, made a loss - who knows what ledger I sent it to and who owns that ledger? They can't tax that other person - it's the end of the road in claiming tax for them...

[@itzzjh__]

@@dYanamatic explain this?

[@TheRealKingSolomon]

Its called taxation without representation on top of this the governemnt has no business what you do or how you spend/send your money. Usa is becoming a communist country. ​@@itzzjh__

[@steveb7600]

I think you don't understand how capital gains work

[@BlowitAllUp]

Over-paying taxes doesn't make you a "good person." It makes you stupid. It makes us all stupid for allowing/voting the government to screw us.

[@alukea123]

screwed for thousands of years

[@alukea123]

Watch the video im alowed to rob you by larken rose

[@chilldudie242]

@@alukea123 thanks for the suggestion

[@franz3810]

government do shit with taxes, at least on my country you see the place is crumbling down. I pay 2000 in taxes every year for nothing

[@Natural-Health.]

The Cabal, same people that are depopulating the planet as we speak is who you pay taxes to which is why they are trillionaires!

[@luckieoleary6459]

Definitely my financial advisor

[@carmendior9457]

What is the best strategy to enter crypto trading now for someone with more or less than $8000

[@MichelleLangley-wb7vx]

You need a pro or very goodTrader. Someone like Jared Brian Watkins

[@theresahopkins860]

Jared excels at capitalizing on economic shifts and I have confidence in his trades

[@maracouture7975]

Almost gave up trading due to constant losses, but Jared turned my luck around

[@maracouture7975]

Now they yield about $13000 monthly

[@carmendior9457]

How can I consult him

[@ElmwoodParkHulk]

298 IRS agents disliked this video so far ....

[@waynegnarlie1]

But they loved all the money laundering leads they found in the comments, lol!

[@vernellron7300]

Bitcoin is the beginning of something great a currency without a government.

[@nanaferguson1351]

That’s why you need a professional broker that we make trade and much profit for you, I recommend Olivia she has been trading for me for some years now and I’m very much comfortable with her.

[@rosekanyatta522]

Is this serious because I have been having loss in all my trades.

[@rosiepatrick2775]

The profits in Olivia”s investment plan shows how selfless she is, and her expertise are wow.

[@deniswilliams8993]

Wow! I'm so surprised to see someone here who knows Olivia Investment my life changed for better through her platform

[@sariaadem842]

I don't know so much about Investments how do i get in touch with Olivia Greg?

[@psylocibeboobensis5978]

Also, if you trade on a regular basis, it's much more convenient (and cheaper) to swap to stablecoins (usdt, DAI etc.) instead of cashing out

[@megalord2598]

That is taxable

[@m9cZOR]

Finally legit video with helpful information regarding taxes, not like any other video that repeats itself with "duh convert bitcoin in IRA tax free account" etc etc. Thank you! subscribed.

[@fullvaluedan7932]

Appreciate your comment W~>H~>A~>T~>S~>A~>P~>P. +.1.~(310)5134841 I~>N~>V~>E~>S~>T I~>N C~>R~>Y~>P~>T~>O..

[@cryptosig283]

“Funds roads, police...” lol if only you knew how little percent of your tax dollars actually go to those things.

[@starsick7]

It's been like that for decades and you're only now realizing this lol

[@M3LTUP]

90% goes into the Govt Pension Funds.

[@totalrobot]

Most of it is going to woke bullshit

[@KevinCisney]

If you think the amount of funding to roads and schools is bad, just wait until you find out how much we spend on endless foreign wars...

[@starsick7]

@@totalrobot shut up

[@samuelbarrett1082]

"you should pay your taxes" You lost me there

[@David-R.]

lol

[@corners3755]

Thats was more a disclaimer than a suggestion , so you don't sue him

[@kene866]

If you are a US resident, there are many new rules on crypto tax reporting in 2021. For example if you are buying stuff with crypto from a store, it could be reportable. Even mining is sometimes a taxable event.

[@redsplayhouse2105]

Yeah. Let's pay taxes to the government so they can use them and go on vacation like usual. Nahh

[@ratedmark4704]

@@redsplayhouse2105 Or allow my sister-in-law to make babies, and stay on welfare and enjoy the good life.

[@jmsparks333]

You deserve an award for this video. Amazing.

[@victoriarobson5024]

Been amazing trading with pro trader Mr Corey for months now, he is the best and I must recommend him because he has helped me earn lots of profits trading bitcoins

[@victoriarobson5024]

@Coreytradings

[@0pmbabi]

I like your mindset and mentality, you’re also really funny man good work

[@asknwclips7672]

Thanks!

[@D9everything]

"My wife is Taiwanese and I can use her passport-" (knock, knock knock) Dude you're a crackup.

[@jordansernik]

Just btw, roads are paid with Gas Tax. Schools are paid with Property Tax. Federal Income Tax pays for one thing: the debt owed to the Federal Reserve, to service the loans used to pay for the US Military and Empire expansion.

[@thebeeskneestreasures3596]

"You might as well pay taxes at that point" LMAO . You are hilarious! Also, I LOVE the crazy idea of having my own bitcoin ATM at my home ;) Awesome video!

[@Tennouseijin]

Although, when you pay taxes - you're supporting the government, if you pay high fees - you're supporting exchanges and other crypto businesses. The question is, which ones you prefer supporting.

[@wadevid]

I'm really intrigued with this idea. How does the cash get into the atm though? I guess the company you bought it from stocks it with cash and you pay a fee for that?

[@wadevid]

@@Tennouseijin don't those businesses also track your cash being taken out and report that to the govt? If so, don't you technically have to claim that cash to the govt since it's US mint?

[@Tennouseijin]

@@wadevid Sorry, I tried answering but youtube censorbots keep deleting my answers.

[@tonyiyke4672]

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

[@mavelyoung5423]

I've lost nearly 4000 in my demo account, used allot of strategy I saw on youtube and read online, what advice do you have for me, which strategy should I focus on?

[@marcosluck4152]

I still earn around $1500 every week with my $500 deposited with Keily trading strategy

[@anthonywong5669]

you've just started your trade journey bro! that's just one of the obstacles

[@mrmavin900]

+

[@mrmavin900]

1

[@teguhlestari5820]

Success is about focusing Your energy on what creates results and using what you already know

[@vivaestates]

I can’t get enough of your content, it’s always so practical and helpful. Just started creating videos in this niche as well.

[@helenalanser6463]

I live in Portugal; the portuguese gouvernment doesn't tax crypto-gains! *****

[@Crypto907]

Gonna move there then irs what’s all my money

[@nullx6777]

US taxes everything its complete bullshit smh

[@helenalanser6463]

@@mlee9049 No, I'm dutch, living in Portugal

[@maurice2014]

Yet...

[@SakkeGB]

Do you know if Spain does ?

[@juswiffin8380]

This is without a doubt the best video on the internet 😂

[@katherts]

Ah, so young! Avoiding taxes: perfectly legal. Evading taxes: not so much.

[@heyhelmar]

He literally encourages people to do their stuff they dont want to report for taxes on a non kyc exchange but then cash out using a kyc exchange. Thing is: The moment you link your identity in any way you are fuckd as soon as governments figure out to analyze on- chain data automatically. They do this already on small scale. I will report this video for encouraging criminality. Not blaming the guy but this is dangerous.

[@LordLotman]

@@heyhelmar Helmar da hater WTF bro! I’m not sure what the answer is but “reporting it” and being a Nark aint it!!

[@computerlearingchannel4257]

@@heyhelmar fuck the government, they didnt invent crypto why the fuck they think they have the right to take a portion of your crypto.

[@zectrixtv]

@@heyhelmar fucking karen

[@Dankschon]

@@zectrixtv fucking Karen, my thoughts exactly

[@chrisdher65]

Btc atm...it’s better to ask for forgiveness than permission. It just might be crazy enough to work!

[@Pìnnedby-l5c]

Care for bitcoin investment tips for good returns?

[@Chris-qr8ng]

yea but their fees are enormous

[@Pìnnedby-l5c]

@@Chris-qr8ng mssg on watsap

[@Pìnnedby-l5c]

@@Chris-qr8ng 1 7 7 5 3 1 6 - 8 1 7 4

[@drewdh2kg]

@@Chris-qr8ng not really I’m paying 7% I’ll pay 7% and not pay taxes 🤣🤣

[@artbyact]

I like the way you think homie, subbed.

[@jlhumor1565]

Why do you have a bitcoin ATM in your bedroom? Mind your own business.

[@markreyes5190]

Love the video 😁😂🤩

[@Jack-xx3qg]

Thanks for ur valuable shady financial advice

[@mossfree]

"get some international friends" Best workaround ever

[@mytravls]

How? For eg. some countries don’t recognize crypto does it mean routing the gains into those countries would help to not pay taxes to Uncle Sam? Will the transfer be easier?

[@george25199]

What if your international friend runs off with your money ?

[@Raterex]

@@george25199 Marry your international friend intentionally ^^

[@george25199]

@@Raterex That could make it worse lol

[@futbolita89742]

@@george25199 get a hitman

[@MatthewGJones]

I'm new to Bitcoin and would like to invest but I've got no idea on how to make good profit. Pls what's the best approach you'd recommend?

[@kellygiggs7298]

With the right approach, it works

[@salemahmed2006]

I have been Investing and trading and still yet to earn my first profit. what strategy did you use pls

[@janewilliam7222]

@@salemahmed2006 Actually, an expert handles my bitcoin investment while I use my profit to grow my business

[@marshallwalters2100]

@@janewilliam7222 How good is your expert trader, I'd like to invest too

[@janewilliam7222]

@@marshallwalters2100 Investing with her was easy and straight forward. Just withdrew my profit last week and the trade is still in progress.

[@jaimegranero9027]

I did a kucoin account 2 days ago and did asked for id, proof of address etc, just as an update

[@Harbinger-X]

They may ask, but it's not required. You can withdraw up to 2 BTC without KYC.

[@fatimamelodyahmed9663]

if you are wise , seize this opportunity and contact Mr Donemark today, stop looking around and use the best trading system

[@KIALOVE218]

i feel like some people look for rich quick scheme and loss alot

[@fatimamelodyahmed9663]

@@KIALOVE218 yeah

[@sophiaobrien6582]

met expert mr donemark, last 2 years at a conference in uk,i invested $5,000 and traded in one month and make close to $30,000

[@judestones3881]

Do you know i invested with Donemark too,He charges 20% commission on profit made after every trading session and thats fair compared to the effect he put in making huge profit.

[@fatimamelodyahmed9663]

@@judestones3881 he has been the one trading for me ,and he has a good trading strategy $$$$

[@Come8In8Peace]

We take the risk, they take the money

[@irson8981]

Exactly, daytime robbery

[@Cognitoman]

Yeah that’s fucken bull shit

[@_RobertOnline_]

I use NEXO, with an account there your can take a loan against your crypto as collateral. Loans are a non taxable event. It does require KYC, but it's a great alternative to avoid taxes while keeping it legal.

[@_RobertOnline_]

@@fullvaluedan8297 Guide yourself to success then, don't depend on others. Give your WhatsApp to your grandma.

[@dalva72]

Legend! "Set up your own BTC ATM at home and cash out!"

[@fullvaluedan7932]

Appreciate your comment W~>H~>A~>T~>S~>A~>P~>P. +.1.~(310)5134841 I~>N~>V~>E~>S~>T I~>N C~>R~>Y~>P~>T~>O.

[@EshhhaBenjamite]

This video is hilarious and dope!! Thank you💪🏽😂💯

[@reylove33]

Taxes don’t do anything you first listed. It’s flat out extortion. Let’s not keeping lying to ourselves. I’m taking your tip offs not to withdrawal too quickly. Helpful, thank you.

[@Pìnnedby-l5c]

Care for bitcoin investment tips for good returns?

[@Thailander555]

Dan, you're hilarious man! Thank you for all that you do, Keep up the great work!

[@fullvaluesdan6462]

Thanks for your feedback. ___For more guidance W....h....a...t... S...a...p...p + 1 • 8 • 5 • 7 • 2 • 4 • 0 • 9 • 3 • 3 • 9

[@alphacentauri1757]

@@fullvaluesdan6462 76545tfhczf

[@714boba2003]

Lmao, “Buy bitcoin atm machine.” “My girlfriend is Taiwanese and send it to her.”Oh man, I knew an Asian guy with glasses could come up with something I haven’t heard before. 😂 I would give you a 1000 thumbs up if I could. 👍👍👍👍👍

[@InnocentDude1]

but how do you withdraw in usa without paying tax?

[@714boba2003]

@@InnocentDude1 that’s why you use bitcoin atm which is untraceable for withdraw. Or like he said, just buy the machine, lol.

[@SamDustin0077]

@@714boba2003 but how does the atm get refilled with money if it's in your home?

[@michaelpapazis]

@@SamDustin0077 i was wondering same

[@wadevid]

@@SamDustin0077 this is my question. I would assume whoever you bougth the machine from would fill it and you would pay a "refill fee" maybe? idk. It's all so intriguing! Maybe Dan knows lol.

[@asdawece]

I bought a bticoin atm when you published this video since 6 month it solved all my problems. I have it in my bedroom and whenever I need money I just withdraw with no commission.

[@FullValueDan]

Join here Hdiscord.gg/SRjqWCJu6t

[@riccardogiuseppe6635]

The world is changing! I'm glad to be part of that. The crypto had made so many millionaires already. It is the evolution of money, Thanks for making this very informative video I just subbed 👍

[@reeceudochukwu3350]

Cool. Sounds like you've got so much money from crypto, I'm new around here

[@riccardogiuseppe6635]

@@reeceudochukwu3350 Yeah. I've made a lot! Investing, holding and trading crypto has been my decision ever

[@jakobmeyer191]

Crypto is the way to go 🎯🚀

[@reeceudochukwu3350]

@@riccardogiuseppe6635 that really sounds good, how do you go about taxes?

[@riccardogiuseppe6635]

@@reeceudochukwu3350 First I thought of moving out of the US that can't be feasible atm but I've made my gains with the help of a financial consultant and its been easy peasy making money on investment. I've built a good retirement portfolio and passive income

[@Hqwef]

This guys great. love his Im saying something without saying something approach 😉😉😉😉😉

[@julieth3699]

Great personality! Thanks for sharing!

[@fullvaluedan7932]

Appreciate your comment W~>H~>A~>T~>S~>A~>P~>P. +.1.~(310)5134841 I~>N~>V~>E~>S~>T I~>N C~>R~>Y~>P~>T~>O...

[@jdedad]

I signed up for KU coin and did the KYC they failed me and said they don’t service my location meaning USA WTF?

[@rohandookiesingh6407]

In France crypto to crypto is a non taxable event.Only when you exchange for Fiat does this become a taxable event. So is it possible to just hop onto Clecius or Nexo, and take fiat loans against my crypto holdings? This way I'd never have to pay tax as I am not actually converting any gains into Fiat?

[@jackroark6928]

Dan, at 2:30 you say: "...then cash out...through fiat on-ramp...like coinbase..." How?..by converting back to stablecoin after trading at say, kucoin, and then transferring back to a wallet, then back to coinbase?

[@rvggedroses]

Good question. I would like to know that answer also

[@uglyboi2017]

pretty obviously yes

[@DainichiKichi]

Thanks Dan! I’ve been waiting for this vid ever since you mentioned it in your past video.

[@christophereastwood9165]

Who Dosent like this guy. How can anyone dislike him. So funny and knowledgeable

[@deel9677]

I'd like to know why the IRS should be entitled to anything we pay for with the money we receive after paying our taxes. That is double taxation. IRS shouldn't get a damn thing.

[@2pi628]

BUT... we are THEIR slaves. And slaves work for their master.

[@evanwesley387]

ive been saying this for years now. people like you and me need to be more vocal about this nonsense. we need to speak up and let other like minded people hear our voices. apart we are nothing. together we are everything.

[@janicebath4502]

This was quite interesting to watch! given ETH's high gas fees and the oncoming release of Cardano (erc20 converter) and also the recent run-up with Binance Chain, I foresee an exodus for ethereum and would take profits and swap ETH to ADA and BNB to hedge against ETH not being able to fully deliver scalability until 2022?. Thoughts?

[@michaelhager2002]

I want to remain positive, right now there seems to be a lot of competition in the smart contract space soon. And the crypto market moves up fast.

[@christopheredward5188]

I'll have to agree with you but considering the current situation with the cryptocurrency market, a lot of investors are scared to lose money

[@janicebath4502]

One thing for a fact is at this point currently day traders and exchanges would be making a hell of a profit!

[@christopheredward5188]

@@janicebath4502 That's true! I'll have to confess, If it hadn’t been with the help of my broker Mrs. Elizabeth Rossiello whom I can’t thank enough, I had already given up on the crypto market after losing so much money. She helps handle my day trading and I am pretty impressed by her strategies

[@janicebath4502]

@@christopheredward5188 Wow, now I'm intrigued because I've heard so much about her and her reputation, she's one of the founders of bitpesa and AZA Finance. please how can I get in touch with her?

[@Eddieadams777]

You could simply trade one crypto for another when one of your cryptos is at a new all time high or has made you significant gains . Find a crypto that is down or find one with a low volatility rate to exchange with. If you can be patient ,you could most likely buy back in at a lower price . Ending up with more crypto each time buying back in.

[@cryptokanoon7426]

DO WELL TO REACH OUT TO MY ADMIN. FOR MORE GAININGS IN CRYPTO/BITCOIN. WHATS-app + ....1....7 ....7 ....0 ....2 ....6 ....8 ....3 ....0 ....5 ....3..

[@starkfuture1057]

The frequent suggestion is : Take a crypto loan @ 15% APY and cash out. Then use your crypto to pay off the loan. Are loans not taxed?

[@edtamsing]

Loans are NOT considered Income so it is NOT Taxed

[@07874axel]

Wouldn’t that start a taxable event by realizing your crypto

[@DaveSmith-cp5kj]

@@07874axel Yeah exactly, that doesn't make sense. If you get a loan without paying fiat, then they are going to look for how you paid it off.

[@SaveThouandsOnWater]

Loans are not tax, this is the best loophole. This is how all the billionaires live off their stock options without paying taxes

[@mattpatterson9496]

@@SaveThouandsOnWater Fake news. Making a loan payment with crypto is a taxable event according to the IRS. Also, long term capital gains rates can be 0% if your household income is low enough. So paying 15% APR would be an idiotic move.

[@gurametsadashvili1888]

Bitcoin and cryptocurrency have been making millionaires,although people are still having losses due to lack of experience,that is why it is advisable to allow a professional handle your trade,I recommend Vanessa platform she’s trustworthy.

[@georgeandrew1434]

Since I started trading I keep loosing I almost decided never to trade anymore what should I do now?

[@katrinachester6116]

The profits in Vanessa platform plan shows how selfless she is, and her expertise are wow.

[@cordisgermain932]

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.

[@jammyduke9848]

Is this serious because I have been having loss in all my investments please what should I do?

[@ameliajoseph6314]

I will advice you should stop trading on your own if you keep loosing and start trading with Vanessa platform

[@brandonb4177]

I have made the switch to the metaverse. I only keep about 200$ of my check in usd for food and gas. The rest is 100% in crypto. This is my long term retirement plan.

[@labarannuhu6345]

SOMETIMES ADVERSITY IS WHAT YOU NEED TO FACE IN ORDER TO BECOME SUCCESSFUL.

[@labarannuhu6345]

YOU DON'T MAKE MONEY ON FOREX OR CRYPTO BY HOLDING YOUR COINS RATHER YOU TRADE TO MAKE GAIN

[@labarannuhu6345]

MOST PEOPLE VENTURE INTO CRYPTO TO BE A MILLIONAIRE. MEANWHILE I JUST WANT TO BE DEBT FREE

[@harunaabdullahi7446]

JUST DO THE RIGHT THING BY TRADING WITH AN EXPERT

[@harunaabdullahi7446]

STOCK IS GOOD BUT CRYPTO IS BETTER

[@feliciabutler901]

ITS STRANGE HOW PEOPLE TALK ABOUT THE PROFITS THEYVE BEEN MAKING THROUGH TRADING OF CRYPTO WHILE I M HERE NOT MAKING ANY PROFIT AT ALL PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH

[@Jessrobbie]

It's pertinent to know that investment is essential to make more money. Right guys???

[@stellaadams6620]

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[@pierogallo132]

@@stellaadams6620 hello,, is this Ms Galia contact?

[@stellaadams6620]

@@pierogallo132 yes

[@nevamorrismorris2640]

@Clara Gregory Please can she provide help to a person from foreign country? Because I'm not an American.

[@sofiafischer0]

Success is dependent on the action or steps you take to achieve it. Show me a man that doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯guaranteed...

[@dennisrodriguez3689]

1:00 can someone explain this part, because i was bypassing my coin base with my decentralized account on bybit with an online wallet on Exodus but i got tired of paying extra fees and now i do it without bypassing it. Should I stop doing that?

[@agvision09]

haha! I love your "potential ideas" and buying my own BTC ATM?? Oh my gosh I have to subscribe! :)

[@neoplasma1]

How would you get cash to load the atm though haha

[@maswelldrake510]

Bitcoin and cryptocurrency have been making millionaires, although people are still having losses due to lack of experience, that is why it is advisable to allow a professional handle your trade I recommend investor Gloria investment platform she is trustworthy.

[@annifred2159]

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.

[@kevinchristopher7421]

That’s why you need a professional broker that we make trade and much profit for you, I recommend investor Gloria she has been trading for me for some years now and I’m very much comfortable with her.

[@jannetjohnson581]

Investor Gloria is one of the best woman broker❤️

[@Lawrence.j]

Since I started trading I keep loosing I almost decided never to trade anymore what should I do now?

[@ameliamark4867]

Gloria has been trading for me and I’m making much much money 💰 with her platform

[@gianniv.santisi9983]

Love the video. Subscribed! 7:28 , that was the most strained, attempt at a PSA I have ever seen in my life, even the camera laughed and went out of focus. Hilarious Bro.

[@mickeyfacee]

Watching him attempt to explain and backpedal is cracking me tf up 😂😂😂😂

[@dangtran6325]

Literally!!!

[@rmk7120]

Viewing your attempt ‘Miss Queenie’ to having an interesting and informative U Tube channel is cracking me up!😤😤

[@crazyirish__2171]

You had a subscriber when you said “you can have an atm machine in your home”.

[@corners3755]

yeah, i loved that bit

[@Anon21486]

I believe it is worth mentioning... unless you are transferring crypto from one exchange to another, the US IRS expects you to report it. These transactions includes exchanging one coin to another, exchanging coin to USD, gifting coins, selling coins, buying items with coins... and so on. Now one thing that is a benefit... HODL... Yes, if you hold a coin for more than a year, the taxes on that is cheaper thanks to the Long-Term Capital Gains Tax and can be 0% if you are within a certain bracket.

[@onesavedvoice]

Make a gain with a crypto and pay someone in crypto, to buy a car for instance, or a guitar, or renting a cabin for vacation week, and you don't pay taxes? 4:10. I don't think you're right about that.

[@arnold-moger]

Yeah, spending cryptocurrency is a taxable event.

[@renegademind1833]

maybe use a ledger wallet, as long as you minimize kyc purchases (cars), you can claim that you lost your ledger pass phases, and your crypto went missing.

[@MFDan69]

You're not spending it, you're giving it to someone and that someone just so happened to leave his guitar so you kept it

[@MFDan69]

@Alex Johnson wait really?

[@MFDan69]

Had no idea lol

[@kaceye4565]

You're funny and so smart. I love this video. Think you!! xoxo💋

[@theturkeybandit]

As soon as you convert your crytpo to fiat there is risk you will get audited or investigated. We can only really try to defer the tax or mitigate it via certain channels or family members. Try to lower the tax hit as much as possible

[@yesindeed3751]

Great video. Your definitely red flagged now. You'll get those crypto tax papers on the next tax cycle. Lol

[@romeoh4859]

Yeah the government will get theirs one way or another

[@atmosrepair]

Taxes go to make payments on debts loaned from central banks. That's how the deficit grew.

[@brooksbutler5581]

Oh hey happy to see you like Nano!

[@spikelove9533]

This is agent Spike from the IRS we will be contacting you shortly. Please have your finatual papers in order for the Audit you will be receiving with out lube

[@Jaden48108]

Hi Agent Spike. Here are my papers. I'm totally innocent. I've led a clean life despite the fact no one likes me. Maybe that's because I'm a Goodie-two-shoes.

[@spikelove9533]

@@Jaden48108 Lol

[@brodiemeyer6571]

Well I will also say this here... Talking from my own experience as a cryptocurrency trader mostly BITCOIN TRADING as the leading asset, so far I have come to realize that the crypto market is of two sides. As some people will hold and wait for bitcoin to skyrocket so they can sell-off, while others will wait for bitcoin to fall so they can buy at a cheaper rate. However, I see all this worries baseless if they can't yield good profits, my advice still stands on involving in day trading by finding an accurate strategy/daily signals in other to accumulate and grow a very strong portfolio. For me, it's been so successful for over 7 months because I was smart enough to find working daily signals which are being provided by a pro trader known as Mr. Jason Brown during the first 2 weeks I accumulated and grew my portfolio from 2btc to a total of 8.4btc which you will agree is a very good profit, Jason can be reach on Telegram (@ Jasonbrown1 ) and whatsapp [phone] for more profitable system.

[@Jaden48108]

@@brodiemeyer6571 Worst advice I've ever heard.

[@ksandbergen]

@@brodiemeyer6571 yeah bruh. Trash!

[@viviansmallwood3078]

Great wisdom shared. Thank you.

[@georges9509]

Man.. I love your videos 👌🏼

[@blue_anemone]

You come through with the sketchiest shit I love it.

[@royfokerpoker1802]

Hey man question about Kucoin though. So why is it asking for my identity info when trying to purchase crypto ? (I want to purchase with debit/credit card)

[@respond_code3]

I noticed that too. Never went any further

[@FullValueDan]

Can only fund and withdraw using crypto. You'd have to use a "fiat onramp" like Coinbase. You'd just buy litecoin or USDC, then send it to Kucoin. For large amounts you'd have to be more careful to avoid flagging your account

[@codmiester]

@@FullValueDan how does the kyc exchanges like coinbase work, if u buy LTC on coinbase and then send it to kucoin wouldn't they be able to track it and see that you sent the money somewhere or another wallet- wouldn't they be suspicious where this money went if you don't pay taxes but have money coming back in? Im a noob at this tax thing so i'm confused, I've just been holding long term but haven't cashed out

[@cxMLG]

Do small quantities of crypto at a time

[@irson8981]

@@codmiester send it cold wallet first, then you lost it on boating trip

[@KamelGarsan]

Thanks for sharing such valuable information! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?

[@Omikoshi78]

Dan in 2022: So I got audited by the IRS. I started a gofundme to help me with the “process”.

[@aztecwarrior9729]

😁 Maybe he is not in the USA

[@OuttacontrolMinistry]

Actually taxes do not go to fund the government Teddy Roosevelt said that in a famous speech as well as Nixon after him taxes do not go to fund the government

[@ChrisGilliamOffGrid]

But they do.

[@OuttacontrolMinistry]

No they don't you should know your history before Ivan hopefully find a link to the video where his speeches that he says taxes does not go to pay the economy it goes to finance Wars and everything else it does not in any way shape or form go to help the schools or anything else in this country

[@ChrisGilliamOffGrid]

@@OuttacontrolMinistry You can actually just look at government finances. Try that instead of listening to random idiots on the internet.

[@chuggns]

@@ChrisGilliamOffGrid yeah you're very wrong. Every government service has a defined tax collection method. Income tax, capital gains tax, and other nebulous taxes go straight toward paying off bad government investments and funding Petro dollar machine which includes wars and hostile occupations. The us constitution explicitly prohibits taxing income or wealth. These taxes are abhorrent and immoral. I think you may be the one listening to idiots on the internet

[@ChrisGilliamOffGrid]

@@chuggns I think you need to actually research some subjects in depth before you open your mouth on them you sound stupid.

[@swiftaudi]

So if I put money into coinbase and use it to buy Bitcoin. Then I cash out my Bitcoin and transfer the usd to my bank account I have to pay tax on my profit? Or I pay tax on all of it?

[@FullValueDan]

Hi. This is Team Dan! He can discuss more on this in our discord group. Join here discord.gg/SRjqWCJu6t

[@royblaise9540]

All it takes is an enlightened mind on cryptocurrency market. The stock market stores a lot of foredeals and hurts, so its advisable for investors to be very prudent when making investment decisions. You should comprehend the fundamentals of trading and do your scrutiny to achieve the most beneficial trading result

[@kayleytanner8366]

Exactly. Oftentimes people don't play their cards well for profitable trading result and that tends to huge loses for most investors

[@andreamilan5471]

You need to acknowledge the existence of assumptive factors and that is the duty of a Professional, to guide you on the right profitable stocks to buy and invest in

[@fernevelle5325]

@@andreamilan5471 i totally agree with you. Do you offer trading advice?

[@andreamilan5471]

@@fernevelle5325 No i don't. I let an expert handle my trades while i sit back, earn profits and learn from her expertise. I work with US based financial consultant Rachel Blanc helping fill the bags 🤑💰 without tax and I make so much returns

[@fernevelle5325]

@@andreamilan5471 I am looking forward to working with an expert. How profitable are her strategies and how can i get in touch with her please?

[@gyulakovesdan]

I’m so sorry for the high tax in many countries. In Hungary we have to pay only 15%. I’m eager to pay because I can sleep well in this way. I hope you can find legit solution to optimize the tax. You should find a tax advisor to do it well.

[@AfromanJ]

Is this the same for crypto mining? I've just started and am a bit confused on how to withdraw from coinbase annonymously. I almost have 1 ETH in coinbase if i send some to a wallet how do i withwraw it? Would it also be easier to mine directly to a wallet that isnt coinbase?

[@vihaanekansh4383]

I will strongly advice you against self trading, it's really dangerous and had brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane

[@vihaanekansh4383]

( +@@4@@4@@7 @@ 8@@6@@8 @@7@@2@@6 @@0@@5@@8)

[@vihaanekansh4383]

Are availabilities is sure on WhatsApp 👆

[@PromotingTheBeat]

Thanks for this vid. I'm holding my crypto in a decentralized wallet ( Atomic Wallet ) then planning to move it back to coinbase to transfer to USD when I need to. I don't know how they could possibly know how much I gained or what... of course, like you said, if 10k comes into the account, Coinbase will be like wtf is this So I would think 9 grand or less would be fine?

[@kamabrapa88]

Yes. But this can always change. Just keep an eye on the guidelines

[@hailandfire1822]

Whether you have taxable income (i.e., income that is SUBJECT to taxes) is simply whether you had a gain. The test is not whether you ran it through an exchange that does or does not report activity to the IRS. The burden is on YOU to pay on those gains. If the exchange doesn't report it, and then you don't report it on your return, yes you have technically broken the law. If they find out later through an audit, there will be penalties. This is not tax advice and I am not a tax professional.

[@jd43tv56]

You work for the IRS, yet don’t understand crypto, gains, or even taxes wtf!!!!!! Like stocks, you can gain millions but are only taxed when you SELL your asset. Read more!!!

[@TheKornfeldFamily]

Can you just buy gold ? Bullion sites take BTC now ... then sell the gold privately?

[@NayburhoodSnipa]

Collateral loan paid in stable coin. The stable coin is your loan, which is non-taxable income. Then you can sell your stable coin for fiat at a net zero. Just sayin.

[@imapanda2434]

But you would have to convert the currency you made gains on to the stable coin, which would be a taxable event.

[@NayburhoodSnipa]

@@imapanda2434 Only if you exchange it on a centralized exchange

[@imapanda2434]

@@NayburhoodSnipa Centralized exchange or not, the IRS can still use chain analysis to see what you were doing.

[@NayburhoodSnipa]

@@imapanda2434 Really? Please explain or direct me to resource that explains how they trace cryptos washed through Blockchains without public ledgers?

[@imapanda2434]

@@NayburhoodSnipa Maybe I’m misunderstanding. I was under the impression that it can still be tracked because the transaction is still recorded to the chain.

[@AndyHTu]

Kucoin forced me to do KYC yesterday to withdraw. Are you sure about it not requiring it? I had to take a driver license photo, front and back, then a picture of me with the card and the code. But it got rejected because I had hair and my ID didnt. I shaved my head, and was able to get it to work lol I didn't need it for years until yesterday though...

[@chaser5463]

Same as me.. pissed in order to with draw. Also needed to get a trade code. I had kucoin

[@johnM-Jr]

Thanks Dan, what about crypto debit cards? there are quite a few now and some are not kyc, i believe. some are affiliated with VISA. i dont have any yet, but am looking into it. perhaps could deposit to check account from the debit card or spend it directly that.

[@vihaanekansh4383]

I will strongly advice you against self trading, it's really dangerous and had brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane

[@vihaanekansh4383]

( +@@4@@4@@7 @@ 8@@6@@8 @@7@@2@@6 @@0@@5@@8)

[@vihaanekansh4383]

Are availabilities is sure on WhatsApp 👆

[@deuce22ish]

So get a foreign National as wife and leave them liable.... you might be on to something 🤔

[@GETOUTOFAMERICACONSPIRACY]

Lol

[@reginamoss4150]

Then they find away to deport you even if you're a U.S Citizen.

[@PowderHouse1]

hahahaaaa your a legend brother !! learnt so much from your other videos

[@AlainaCooper-m5c]

Great content, as always! Just a quick off-topic question: My SafePal wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?

[@mrhollyrocc7359]

It really is a pointless effort in trying to convert to fiat without paying taxes. You can do all that dancing but if you think you're depositing a mysterious 10K+ into your bank account without questions being asked, you got another thing coming.

[@4DTravelr]

Great point lol

[@Pietje_Piraat]

Dont deposit it on your bankaccount. Sell it for cash money.

[@FidelHimself]

Decentralize every service of government and abolish politicians

[@Pìnnedby-l5c]

Care for bitcoin investment tips for good returns?

[@ghosttankcommander5397]

That’s silly because that would mean anarchy.

[@FidelHimself]

@@ghosttankcommander5397 and?

[@proudlynomadic]

Silly question...say I have coinbase and I make a gain in say Bitcoin and want to cash it out. Should I convert that to USD in CB and then withdraw back to my bank account?

[@FullValueDan]

Hi. This is Team Dan! He can discuss more on this in our discord group. Join here discord.gg/SRjqWCJu6t

[@seanbarrett4613]

This was an amazing video and I’ve really learned a lot but I’m new at this and I’ve been having a hard time trading, what platform should I use? Robinhood hasn’t been really helpful

[@FullValueDan]

If you want to keep your coins untracked, decentralized exchanges are good. Kucoin is is even better with no KYC or VPN required.

[@nathaliecamp2630]

I had the same problem when I started as a newbie but luckily for me, I had a solid broker like Mrs. Jessica Morgan to assist me in understanding the crypto market. she helped manage my assets by putting me on the right platform

[@bexleyleighton1295]

I was scammed in 2017 with USI TECH company, although I lost a lot of money I’m learning how to trade on my own, to be honest, I’m not making any profits still

[@marianicole253]

please how can I get in contact with your broker? I’d love to diversify and try out new investments in the Alt-coin market

[@nathaliecamp2630]

@@marianicole253 You can reach her on telegrm

[@tonybilbao9733]

What exactly gets reported on a 1099?--whatever fiat is withdrawn back into your checking account?

[@neoplasma1]

Sure

[@maquezelizabeth1735]

which is the best wallet to use to earn most amount in interests? I want a wallet that will allow me send out bitcoins anytime I wish to, while I am earning interests on my bitcoins. Any recommendations?

[@joeterry5770]

I’ve been using Axisoption since early November. So far so good. I’m in the US so there are a few limitations that I’m not happy about but that is not on Axisoption, that’s on the US government. Interest has been paid daily, on time, like clockwork. Transferring from my exchange wallet to my Axisoption wallet was seamless. I’ve withdrawn a few times to pay for things which went smoothly. I used changelly through the on site button to purchase BTC for the interest rate. That process was smooth as well. My only hiccup with them was when it came to advanced verification/KYC. I sent in my verification documents and didn’t hear back for about 4 days. I finally reached out to Nexo support and my verification was processed 24 hours later. If you’re ok with the initial risk, I’d say hop aboard.

[@johnrose9719]

I get interests from using the AxisOption wallet. Also, they pay fast when you sell bitcoins on their platform too.

[@GeneticDust]

Me to the IRS: Dan told me not to pay taxes.

[@williamspatricia1003]

I'm actually tired of working about stocks...it's driving me nuts these days, I think crypto investment is far better than stock..

[@mossescathy4924]

Trading crypto has been a lucrative way of making money

[@violethannah9219]

Stocks are good but crypto is more profitable

[@bennywillow5710]

I'm new to forex trade and I have making huge losses but recently I see a lot of people earning from it. can someone please tell me what I'm doing wrong

[@genesisanna2239]

all you need is a professional trader else you will continue making losses

[@alicequeen4749]

How can someone know a professional account manager that is trustworthy when legit once are hard to find this days

[@FldMrshlWAbouSaad]

These comments gave me hope, I'm glad people realize that income tax is bullshit, there's enough taxes already and we are not getting what is promised, rather our taxes fund corporations and wars.

[@801christopher]

Isn't this video missing the fact that most crypto can be traced regardless of where you put it. The government can easily put you in the position of proving you did or did not have it and if you can't hit you with taxes.

[@MarcRebilletClips]

Not with metamask and Uniswap

[@4DTravelr]

@@MarcRebilletClips Can you elaborate?

[@MarcRebilletClips]

@@4DTravelr Uniswap is a decentralized exchange meaning none of your transactions are recorded to your ID. Metamask is a anonymous wallet therefor not associated with your name. Anonymous 100%

[@4DTravelr]

@@MarcRebilletClips Very interesting, thanks. So you don't need VPN and/or Tor with those, good to go as-is?

[@MarcRebilletClips]

@@4DTravelr Nah not needed