Crypto Taxes
Update: 2023-01-08
Description
2022 was a tough year for crypto markets and at the end of the year investors were selling their Cryptos, NFTs and other digital tokens to lower the taxes on their investments to take advantage of a strategy called Crypto Tax Loss Harvesting.
This strategy involves deliberate selling of an investment that went down in its price and to take advantage of that loss to offset other investments where profits were made. Most investors sell and rebuy whatever they initially sold to still possess that investment after the start of new year.
So listen as the guys start 2023 by talking about what is Crypto Tax Loss Harvesting. How it works? What is taxable and not-taxable in crypto? And everything you need to know about this strategy.
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