Can the IRS Track Cryptocurrency? Here's What the IRS Knows About You…
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KuCoin Account Sign-up Link:
Here are links for sites that will convert your crypto trades to IRS Format or integrate with your tax software:
Bitcoin Tax:
Crypto Trade:
Token Tax:
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We hope this information is helpful for your journey of passive income investing with cryptos and cryptocurrencies.
A lot of people think that the only way to make money with cryptocurrencies is by buying bitcoin and selling bitcoin.
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Please check out our kucoin tutorial videos and also our stock market investing for beginners video.
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ClearValue Tax and affiliates and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
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KuCoin Account Sign-up Link: https://www.kucoin.com/ucenter/signup?rcode=2MPr3rr&lang=en_US
Here are links for sites that will convert your crypto trades to IRS Format or integrate with your tax software:
Bitcoin Tax: http://bitcoin.tax/clearvaluetax
Crypto Trade: http://cryptotrader.tax?fpr=46b4e
Token Tax: https://tokentax.co?via=clearvaluetax
I have a large amount of cash in Afghan but no one bother look for it.
Hmmm. Gains over $600 on Coinbase are reported to you & the IRS now. No worries. Market just ate my profits lol
I'm actually tired of working about stocks…it's driving me nuts these days, I think crypto investment is far better than stock..
Kucoin is amazing
Fuck them.. come find me!
I came out of this video without the answer I needed. I have purchased crypto and have traded crypto for other crypto. I have activity and the worth of the holding is increased, but is the IRS taxing activity and increased value or are they taxing realized gains?
Love you
How about DEX's, decentralized exchanges
I appreciate the tie & info
Yeah it's going to be the very rich that don't have to say anything
No lie, he did talk to us like a buddy freind. 😉
So intense bro
This is great info! Pay your taxes!
Thanks for this explainer video. You have this matter of fact, no nonsense, straight to the point, sort of "I don't have time for BS" kind of presentation and demeanor. Because of this, I have subscribed.
Is kukoin the same as uniswap and pancake swap?
Here's my question, let's say you made a lot of gains in btc and you don't convert it in to dollars but buy stuff with it. Example you buy a piece of land or a car or a large amount of precious metals but pay btc to btc. How would that be taxed?
Thank You, we need more of these videos.
The IRS can easily see your transactions on the block chain once you have registered your wallet on a companies database.
how about if you are living in Ireland and trading on BNB US can IRS still ask you to pay tax to US Govt or can Irish Govt ask for exchange information from BNB
Some way or another you gotta pay your yearly “subscription” for living in the USA 🇺🇸