The higher the prices of crypto go the more your liable for tax when you cash out! It’s important that if you want to take profits you do it efficiently many won’t and will be hit with a major tax Bill 💵
The higher the prices of crypto go the more your liable for tax when you cash out! It’s important that if you want to take profits you do it efficiently many won’t and will be hit with a major tax Bill 💵
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2 comments
That's really good advice. Much appreciated. I don't plan on taking any out in the near future anyway but still a good reminder.
That sure does make the whole tax thing a lot easier and I’ll probably do the same with most of my crypto I’ll just skim some creme off the top