Money made during the bullrun
Money made during the bullrun
I want to ask my more experienced crypto folks if someone makes some good money this bullrun like 100k would it be smart to move it off the exchange into a wallet and hold it as a stable coin like usdt till ready to cash out. If they hold it long enough it would minimize the taxes they would have to pay on said cash out.
Kevin Sung Answered question December 12, 2024
I’m waiting until at least after Jan 1st before I do anything with it. After a year it qualifies for long term capital gains too. So if you’re close…. But I’m waiting until after the new year so I have all year to figure how best to reduce my tax burden.
Kevin Sung Answered question December 12, 2024