Quote:
|
Originally Posted by iDumb
Bitcoin is at stunning closing in on 28K. I am so glad I held my holdings but I am getting ready to unload ... Itching .. this might end up going close to 50k who knows ... But the lighting fast in which it goes up concerns me greatly and thus itching ..
|
Do you have any ideas on how to reduce taxes on your crypto gains? My accountant doesn't seem to know much. I did majority of my buying between March - May. My concern is the ridiculous amount of taxes I'll have to pay. Ideally I'd hold for another 3-4 months so I can pay long term capital gains taxes instead of short term. But I agree with you, it may be the right time to start unloading.