Hey there, fellow environmental enthusiasts! Today, we're here to talk about a topic that may leave you scratching your head: how Bitcoin and other cryptocurrencies are making our planet greener. Yes, you read that right! Brace yourself for a wild ride as we explore the positive effect these digital superheroes are having on the environment. Now, I know what you're thinking. Bitcoin? … [Read more...]
The Surprising Truth About Crypto Losses and Tax Savings
Today, we're diving into a topic that's essential for anyone involved in the world of cryptocurrencies: taxes. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) Introduction Greetings, fellow crypto enthusiasts! Before you groan and think this topic doesn't apply to you, stick around, because we're going to debunk the biggest myth about … [Read more...]
Ep. 006: The Surprising Truth About Crypto Losses and Tax Savings
In this podcast episode, we explore the common misconception surrounding crypto taxes: that you don't need to report them if you've experienced losses. We reveal the truth about crypto tax reporting and how facing losses can actually lead to substantial tax savings. Learn why it's essential to understand this aspect of cryptocurrency investments and how to navigate the tax landscape for a more … [Read more...]
Navigating the Volatile Crypto Market: A Closer Look at Bitcoin and Dollar Cost Averaging
In this article, we'll delve into the current state of Bitcoin, the upcoming halving event, the concept of dollar cost averaging, and some noteworthy developments in the crypto market. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) First, before we get too far, this blog post may contain links to products that we have tried and liked. If … [Read more...]
Ep. 004: Navigating the Volatile Crypto Market: A Closer Look at Bitcoin and Dollar Cost Averaging
In this podcast episode, we delve into the current state of Bitcoin and explore the concept of dollar cost averaging as a strategy for navigating the volatile crypto market. Bitcoin's price has been fluctuating, with experts suggesting that it could drop to $20,000 if it fails to surpass a certain line. We also discuss the upcoming halving event, which involves reducing the rate at which Bitcoin … [Read more...]
Ep. 003: Crypto Tax Tips: How to Navigate Different Types of Crypto Income
In this podcast episode of Thursday Tax Tips, we discuss the various types of crypto income and their impact on taxes. From the buy-and-hold strategy known as "Holding" to income from staking and interest-bearing assets, we explore the tax implications of these activities. We also discuss the concept of return of capital and the importance of choosing the right tax software for accurate reporting. … [Read more...]
Crypto Tax Tips: How to Navigate Different Types of Crypto Income
Today, we're diving into the world of crypto investing, discussing various crypto income types and how they impact your taxes. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) Introduction It's Thursday, and that means it's time for another round of Thursday Tax Tips with Beta Virtual Assistance! Hodling - The Buy-and-Hold Strategy The … [Read more...]
Ep. 002: Crypto Loan Pitfalls: Avoiding Tax Traps in Volatile Markets
In this podcast episode, we explore the intriguing world of cryptocurrency loans and their tax implications. Discover how borrowing against your crypto holdings can be a smart strategy if you avoid common tax traps, helping you avoid capital gains taxes when selling your digital assets. We also share essential tips for managing crypto loan transactions for tax purposes. However, be careful about … [Read more...]
Crypto Loans Pitfalls: Avoiding Tax Traps in a Volatile Market
Explore the tax-saving potential of crypto loans and learn how to navigate their complex implications. Discover essential tips to avoid loan pitfalls and make informed financial decisions. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) Introduction Hello, readers! It's Tuesday which means it's time for our weekly discussion on crypto tax … [Read more...]
Diversification and Safety Tips: What Works in Crypto
Learn about the importance of diversification and safety in the crypto world. Discover practical safety measures and the complexities of crypto taxes. Stay informed, diversify wisely, and get assistance with your crypto tax journey. (This post is from our series of Facebook Lives. Catch the next one in our Facebook channel.) Diversification: A Vital Strategy Last week, we discussed the … [Read more...]