New IRS Crypto Tax Rules DAYS AWAY! You Need To DO THIS NOW!

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Crypto Capital Venture

Crypto Capital Venture

Күн бұрын

Пікірлер: 144
@CryptoCapitalVenture
@CryptoCapitalVenture 6 сағат бұрын
Sign Up With CoinLedger Now! coinledger.io/?fpr=ccv
@EternalCreator
@EternalCreator 5 сағат бұрын
It'd be much simpler if they just mind their own business and stay out of people's pockets
@maingameseru1415
@maingameseru1415 Сағат бұрын
Bro, pepe halving !
@leskobrandon7516
@leskobrandon7516 5 сағат бұрын
What a pain in the ass. hopefully trump can do something about this malarkey.
@gregor9189
@gregor9189 4 сағат бұрын
Trump said no taxes on crypto. I'll take him at his word.
@yomarvazquez5496
@yomarvazquez5496 5 сағат бұрын
The clowns in the IRS see conversion of stablecoins as gains, how are they going to make sense of their new rules?
@jamesruport2608
@jamesruport2608 3 сағат бұрын
This seems like a nightmare. I can’t even fathom keeping track of this
@SergH.
@SergH. 3 сағат бұрын
What if none of us do any of this. wtf will they do about it?
@DGJunkie
@DGJunkie 2 сағат бұрын
right lmao
@olegchistyakov3754
@olegchistyakov3754 3 сағат бұрын
I hope Trump will cancel all those IRS stupid tricks and rules.
@frankie82265
@frankie82265 2 сағат бұрын
Confusion is the nature of the game. Incredibly complex mechanisms allow for more diverse interpretations, the more ways to trip you up.
@GigaMoonBoy
@GigaMoonBoy 5 сағат бұрын
This is crazy. Trump please fix this.
@MentalWolfTA
@MentalWolfTA Сағат бұрын
This feel like IRS trying to push people out of crypto
@soakedbearrd
@soakedbearrd 6 сағат бұрын
Completely ridiculous
@Mishka7v7
@Mishka7v7 5 сағат бұрын
This is confusing. And I didn't get what the heck we need to do... What are our options we have... And the difference between them?
@jonathanowens9666
@jonathanowens9666 2 сағат бұрын
I'm not paying taxes on shit until it's in my bank account, and that's only if it was a gain. I'm not paying taxes on money I already paid taxes on before it was invested .
@kmb04z
@kmb04z 4 сағат бұрын
Well… this is gonna be a mess…
@kevinjohnson3925
@kevinjohnson3925 5 сағат бұрын
Freedom is awesome
@christinealthaea
@christinealthaea 3 сағат бұрын
I'd really love to know who sits at their desk and comes up with the most knit-picky and complicated way to do our taxes every year.
@BlingtingSam
@BlingtingSam Сағат бұрын
I hope doge gets rid of this irs bullshit. Off our wallets, ya communist thieves!
@richardbays1123
@richardbays1123 2 сағат бұрын
No more wallets that are supposed to be safe for your coins with seed frase, So everything we were taught is now going to be removed. Removed.
@joshuapitts2915
@joshuapitts2915 5 сағат бұрын
Yeah good luck getting everyone to do all the work to needed to comply with this
@coinledger
@coinledger 5 сағат бұрын
it's gonna be tough...
@gloriaruns8736
@gloriaruns8736 5 сағат бұрын
Only pay taxes when you sell it. So if you just bought a hole for years, you don’t owe anything until you sell it.
@ashswensen
@ashswensen 4 сағат бұрын
What if I sell to go into another coin?
@Neidheart97
@Neidheart97 4 сағат бұрын
​@@ashswensen you pay taxes.
@Neidheart97
@Neidheart97 4 сағат бұрын
selling crypto or swapping a coin for another, both are taxable events.
@frankie82265
@frankie82265 2 сағат бұрын
Report the gain or loss ​@@ashswensen
@TheJamestsang
@TheJamestsang 19 минут бұрын
Flight oversea. And you also lost the wallet.
@Sumguy79
@Sumguy79 4 сағат бұрын
Got it, thanks Dan. Glad I’m a coinledger customer
@brian1355
@brian1355 3 сағат бұрын
No one knows what the hell is going on.
@timmtimmy3800
@timmtimmy3800 6 сағат бұрын
I do not want them to track it. 😂
@pauljoseph7565
@pauljoseph7565 38 минут бұрын
What a nightmare!! What happens if the exchanges that you use went out of business or no longer allow US citizens to access their trade history and cost basis?... Any advice or guidance on this situation?
@Tchairdjian
@Tchairdjian 5 сағат бұрын
This guy can’t even explain anything clearly even if his life depended on it.
@greiemsleiem7435
@greiemsleiem7435 5 сағат бұрын
Who you mean by this guy? To left or right?
@MLBee123
@MLBee123 4 сағат бұрын
I know right! His example of tax loss harvesting seemed backwards and the next example he even fumbled through and messed up and just said you know what I mean. No, no we don’t.
@smashtoshismackamoto4746
@smashtoshismackamoto4746 6 сағат бұрын
Clear as MUD
@sonnyj.6153
@sonnyj.6153 5 сағат бұрын
😂😂😂
@soonergiant65
@soonergiant65 2 сағат бұрын
Not even
@Shynotic
@Shynotic 6 сағат бұрын
Of course ADA wallet transactions outside of ADA itself are insanely annoying and difficult to track
@xxgg
@xxgg 3 сағат бұрын
I am sorry but this video is horrible. I know I am confused but coin ledger guy was bad at explaining and we can clearly see hosts face expressions that he is confused but just goes with it. This is a bad video
@niki3597
@niki3597 2 сағат бұрын
Yep!
@kennethbattaglia2994
@kennethbattaglia2994 4 сағат бұрын
How about zero capital gains from any currency trading period lol
@cantorbebeto
@cantorbebeto 6 сағат бұрын
When I have gains I will report. Until now only losses
@coinledger
@coinledger 5 сағат бұрын
Losses can be written off and used to lower your tax bill!
@josho1778
@josho1778 Сағат бұрын
How do we even file our crypto taxes? Very confused. Why can't we just file a singular form like we do our W-2?
@Guinea54
@Guinea54 5 сағат бұрын
I mean why is it necessary?? They have it so if you cash out any crypto to cash you have to pay tax on it. They want to know just charge tax on the fkn crypto itself?
@MLBee123
@MLBee123 4 сағат бұрын
I don’t understand how one marks the basis on a transfer in coinbase. I mean I understand you can mark it in apps like coin ledger. But where do you mark it in coinbase or kraken or any of these cex. Doesn’t matter what coin ledger says if the 1099 from coinbase says something else. Seems like they will need to add more UI in order to deliver us a correct 1099. How is that supposed to happen by Dec 31 2024. What a cluster f.
@EngineerPrepper
@EngineerPrepper 41 минут бұрын
This rule isn't fair to those who bought the top... So if someone who bought at the high lets say 3.10 and held in their daedalus wallet....now they have to move it to an exchange for a cost basis as of now, say Ada $0.90.... if there is a pump up to say back to $3.10..... they will show a profit of $2.20 per coin instead of a break-even? Is this what we are to understand?
@ericrankin4666
@ericrankin4666 3 сағат бұрын
My entire reason for having accounts without KYC is so the government doesn’t have their filthy little nose and fingers in my business lol
@richardbays1123
@richardbays1123 2 сағат бұрын
I have other coins that are in the hole. Because I started late 21 now. I now learn something and I have to pay and pay and pay. What a nightmare
@OldSoulNewTricks
@OldSoulNewTricks 6 сағат бұрын
The whole reason I trust listening to you is not just that you’re finally successful but that you bring Good into the equation. I struggled with this but I’m following your lead.
@zandypak1652
@zandypak1652 5 сағат бұрын
Left more lost and confused.
@Austin-v9o
@Austin-v9o 2 сағат бұрын
This is just to shake people out of crypto, what you say is probably true but not as difficult as you are making it out to be.
@Maynardd
@Maynardd 5 сағат бұрын
Wait, so you’re telling me I can’t move my bitcoin, from let’s say a ledger, move it to Coinbase, and then sell it? I have to sell it within the ledger wallet? This is confusing.
@summersunrise6012
@summersunrise6012 4 сағат бұрын
You can move it to the exchange, but unless you bought it there, they will have to consider the cost basis as zero. You have to track your own cost basis then.
@user-kolba
@user-kolba 4 сағат бұрын
Swap to stable coin, move stablecoin to exchange and cashout
@Maynardd
@Maynardd 4 сағат бұрын
@ but for example, if I send $1000 of Solana to, let’s say Jupiter, from Coinbase, which Jupiter is a decentralized exchange, swap that SOL for other coins, then swap it back to SOL after a year or so then send it back to Coinbase. There’s no way they will ever know what I did on the decentralized exchange. How does that work? This is just ridiculous.
@buckfifty-two-thousand8640
@buckfifty-two-thousand8640 6 сағат бұрын
Never sell or trade
@patrickodonnell9669
@patrickodonnell9669 4 сағат бұрын
I never sell or trade and I bought all my crypto with my wages that I already paid taxes on so they can jog on
@ashswensen
@ashswensen 4 сағат бұрын
I agree but unfortunately they are a corrupt and evil agency that will stop at nothing to destroy peoples lives to take their money!
@nelsonriches
@nelsonriches Сағат бұрын
The IRS is about to get gutted anyways. You think they can track all this shit? Nah …
@TheJamestsang
@TheJamestsang 17 минут бұрын
Yea...If they are so good at it. Go ahead to help me track my shit. bcz I lost it in a boating accident.
@jackkeegan7957
@jackkeegan7957 2 сағат бұрын
Outside of walled gardens, but take a risk buying
@olheghtt
@olheghtt 5 сағат бұрын
Why am I sending myself an email, and what am I putting in that email. Am I supposed to take a picture of something. Am I supposed to send it to the IRS too. All I've done so far is buy on coinbase send it to coinbase wallet and then ultimately send it to a ledger device. I have no gains and no losses. What do they need to know from me.
@MJ-uw2sb
@MJ-uw2sb 3 сағат бұрын
Omg me too. For the life of me i am confused and cant figure out im supposed to write
@olheghtt
@olheghtt 3 сағат бұрын
I've watched a bunch of these videos now and they all seem to be the same. They talked like everyone who's watching the video has a working knowledge of accounting and tax reporting. They don't seem to know how to talk in simple language that people can understand. That's my opinion anyway
@nelsonriches
@nelsonriches Сағат бұрын
I mean, if this expert can’t even explain it in a cogent fashion, then how our investors gonna read this off some form
@edwardchan3763
@edwardchan3763 Сағат бұрын
How would you account for transaction history for coins on an exchange that collapsed like Voyager?
@kasunovinfinity
@kasunovinfinity 6 сағат бұрын
What exactly do we have to move to where? I have coins on Coinbase and a Ledger wallet, and some on some other random wallets, smaller amounts.
@info.dfwbld7263
@info.dfwbld7263 15 минут бұрын
For Capital Gain if I have $100 gain this year from my crypto and I have to pay tax on that which I don’t sell this year but next year for my need I sell my coins at loss So how I will tax next year. Doesn’t make sense for taxing when I don’t sell
@Funrunner008
@Funrunner008 3 минут бұрын
If you are under 10k in profits, I wouldnt worry about, They not going to audit people like this, dont have the resources anyway, Just geustimate if you cant find the history
@ArisKarywtakis
@ArisKarywtakis 6 сағат бұрын
Crypto means hidden,it`s a greek word.. Better forget cryptos as they were,regulations came for the "safety" of the users...!
@NextStopConsciousness
@NextStopConsciousness 5 сағат бұрын
People don't understand. If they give up privacy for security, they get neither.
@richardbays1123
@richardbays1123 2 сағат бұрын
It sounds like I have to sell all my coins to coinbase and then just get out of the business.And I wish there was someone I can get on the phone with that can tell me the truth
@godblessamerica222
@godblessamerica222 26 минут бұрын
Huh? 😬🤨 I’m so CONFUSED!
@MyChannel439
@MyChannel439 2 сағат бұрын
Dan is drooling over all the $$$ he gonna get off his referral link for this interview... sign up now
@devenpatel8099
@devenpatel8099 4 сағат бұрын
I have try importing my SOL account from Tangem and Ledger wallet but it’s not importing SOL wallet from either Ledger or Tangem , can you let me know why it’s not connecting to SOL wallet and what I can do to import those wallet in coinledger
@richardbays1123
@richardbays1123 2 сағат бұрын
I bought a lot of Ada because you believe in it. I'm in a hole. And now I have to pay taxes on transactions. I made back-and-forth trying to get out of the hole.
@josho1778
@josho1778 Сағат бұрын
That's why you just hold.
@MushiMushiwc1uu
@MushiMushiwc1uu 30 минут бұрын
So set your sell targets, and hold until you reach them. The existing laws states any conversion of a coin is a taxable event. Dont blame random youtubers, dont blame Cardano, learn YOUR lession, and hold until $2.30. You only lose when you sell friend. 5-10yrs from now, you'll WISH you could have bought more ADA at any of your DCA. Be brave, you're your own enemy, once you accept that, you can do the opposite of what that bag holder in you wants to, and he's really trying to take your bag bro...
@MushiMushiwc1uu
@MushiMushiwc1uu 26 минут бұрын
You are absolutely horrible at trading btw, stop doing it and go back to learning. Just bad. Like toddler bad at trading. So was I though. Then i realized that loser within, and did the opposite of those desires. Don't chase the market, dont overtrade.
@Derk2k3M1
@Derk2k3M1 5 сағат бұрын
Is this guy saying receiving a stacking reward is a taxable event?
@joshuapitts2915
@joshuapitts2915 5 сағат бұрын
It’s considered a capital gain. Cause you are quite literally gaining capital
@NextStopConsciousness
@NextStopConsciousness 5 сағат бұрын
Yup every single one you have to go through. It's why I stopped staking on exchanges.
@Derk2k3M1
@Derk2k3M1 5 сағат бұрын
@@joshuapitts2915 Ah, I just looked, the IRS is still in a lawsuit about this...the IRS even offered to negate the amount so the lawsuit wouldn't go forward, but the people using the IRS declines the "payoff".
@djdicrenzo3908
@djdicrenzo3908 3 сағат бұрын
This isn’t per wallet this is per exchange
@TheNikitis
@TheNikitis 6 сағат бұрын
What if I do my own tax buy and sells in Excel sheet per year and show that to IRS?
@archiecruz6336
@archiecruz6336 5 сағат бұрын
Nah has to be from the exchange u bought and sold from
@djdicrenzo3908
@djdicrenzo3908 3 сағат бұрын
Trump will negate this
@sangphan09
@sangphan09 5 сағат бұрын
Lost my keys. Forgot the codes. What then?
@hakunamatata4517
@hakunamatata4517 4 сағат бұрын
If you transfer your coins from a exchange over to a cold storage wallet hows that work? will you be taxed on the price of the coins at the time you move the coins and once you send them back on the exchange in order to purchase things or exchange for cash?
@coinledger
@coinledger 4 сағат бұрын
No, transferring coins between wallets you own is not taxable. It's just important to keep accurate records of these transfers so that you can keep track of your cost basis.
@mattbeale69420
@mattbeale69420 2 сағат бұрын
Well too complicated so won't be paying any . Didn't claim my losses either
@gloriaruns8736
@gloriaruns8736 6 сағат бұрын
What law say you have pay taxes to the irs.
@Promisedland_garage
@Promisedland_garage Сағат бұрын
So descentralized was always a lie 😂😂
@info.dfwbld7263
@info.dfwbld7263 9 минут бұрын
I’m trading 50-60 coins for last few years selling one for buying another one and growing my portfolio. So how do I do wallet base statement & I have coinbase & kraken account
@jakelenz8354
@jakelenz8354 6 сағат бұрын
Do you only report gains when you transfer your earnings from your crypto account to your bank account?
@jeffgyamfi1653
@jeffgyamfi1653 6 сағат бұрын
Yes I'm also curious as I've been told so many random things which if true the money I have in my wallets are worthless as I've traded so much I've traded my self out of money..... Even though the balance shows up
@coinledger
@coinledger 5 сағат бұрын
No - anytime you incur a taxable event: - trade one crypto for another - sell crypto - use crypto to buy goods or services
@ashswensen
@ashswensen 4 сағат бұрын
@@coinledger 😳
@oscarortega6781
@oscarortega6781 5 сағат бұрын
Does this only apply to coins bought in 2025? Example: if I bought the coins in 2024 but sell in 2025...does this apply even though the coins were bought before this irs change
@ryantuteur5659
@ryantuteur5659 4 сағат бұрын
It applies to ALL coins purchased before this law went into effect so if you bought coins in Coinbase in 2020 and moved it over to Kraken cause you didn't like Coinbase for some reason, you would need to move the coins back to Coinbase before 12/31 (or sell them on Kraken before 12/31). Not financial advice.
@coinledger
@coinledger 4 сағат бұрын
Yes - it will apply to outstanding coins held, even if bought prior to 2025.
@oscarortega6781
@oscarortega6781 3 сағат бұрын
@coinledger to my understanding., all I need to do before jan is declare what method I'm going to be using? Do you have examples?
@uraschrock1916
@uraschrock1916 35 минут бұрын
Hey, enjoyed the presentation! Been listening to you, Dan for a long time! I have a coin ledger account, but I haven’t paid for a subscription. Would I need to pay for a subscription in order to get much of benefit from this? Thanks
@Dawmdawmbo
@Dawmdawmbo 37 минут бұрын
trump and his henchmen billionaires gonna use all yo taxes lol
@CindyAlexius
@CindyAlexius Сағат бұрын
Is this another reason crypto bros voted this administration out?
@scottytullis9724
@scottytullis9724 4 сағат бұрын
this is so confusing!
@user-g6f6g7bby
@user-g6f6g7bby 45 минут бұрын
Abolish the irs
@XavierRivera
@XavierRivera 2 сағат бұрын
Shut them down
@MushiMushiwc1uu
@MushiMushiwc1uu 23 минут бұрын
This guy is just wrong and bad. I'm not keeping my coins on multiple exchanges. It's not happening 😂😂😂 Nor am i declaring what I purchased and have stored in my wallet!
@JoanneGreene-g4q
@JoanneGreene-g4q 4 сағат бұрын
I realized that the secret to making a million is saving for a better investment. I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
@jasons2562
@jasons2562 43 минут бұрын
Trump admin needs to fix all this BS
@maingameseru1415
@maingameseru1415 Сағат бұрын
Bro, pepe halving !
@jacksmachine1874
@jacksmachine1874 5 сағат бұрын
Crypto is such a scam. Im sick of all this work when the gains are so dimished now due to all the scammers and grifters in this space. The rich people always ruin everything. Adter this cycle im done with this scam.
@Jeffbajan
@Jeffbajan 2 сағат бұрын
Bitcoin is 100k how is it a scam just don’t invest if u don’t know what u are doing clearly u don’t
@LoveliestGoddess
@LoveliestGoddess 5 сағат бұрын
This is too much. Do your job come find me 🤣 jk
@WealthyChronicle
@WealthyChronicle Сағат бұрын
This is a game-changer for crypto investors. Is anyone else as stressed as I am about tracking gains per wallet? 🙄
@timc3937
@timc3937 6 сағат бұрын
What if the centralized exchanges you were using far in the past are closed down and you have no access to transaction history.........how much of a problem is this?
@innerpull
@innerpull 6 сағат бұрын
Even the ones that have closed down are required to provide the data. I ran into that with BlockFi and Celsius last go-round.
@coinledger
@coinledger 6 сағат бұрын
Recommend you email them stating that you need your transaction history for tax purposes. Most of the time this works. If it doesn't, you should do you best to try to estimate what happened on that platform from an accounting records perspective. It may be worthwhile to discuss your specific circumstances with a crypto tax professional.
@jcdenton7914
@jcdenton7914 6 сағат бұрын
​@@coinledger Bittrex doesn't have any contact left
@dsanti4069
@dsanti4069 3 сағат бұрын
Delete this
@KevinSolley-tk8rm
@KevinSolley-tk8rm Сағат бұрын
Trump
@bracciaschanze
@bracciaschanze Сағат бұрын
Thanks for sharing. Financial education is crucial today to demonstrate incredible resilience and discipline in a volatile market, masterfully balancing strategy and insight to achieve success. This dedication to continuous learning is inspiring... managed to grow savings from about 100k to a decent 340k in a few weeks... I am especially grateful to Aaron Charles whose deep experience and traditional trading acumen have proven invaluable in this complex, ever-changing financial landscape.
@CryptoSeven7
@CryptoSeven7 6 сағат бұрын
First
@coinledger
@coinledger 6 сағат бұрын
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