Avoid crypto tax reddit None of this is tax, legal, accounting or financial advice. out of monero? looking for help before next year Can you avoid cryptocurrency taxes in Canada? Remember, there’s no way you can legally evade taxes. . I will guide you on how to do that properly if you plan on doing the same. So I'm in Australia, what if the Australian goverment suddenly hated Bitcoin so much that they enforced a 95% tax on anyone who sells their Bitcoin into Australian dollars? How would I be able to get around this tax problem?? would I be forced to go overseas? Archived post. 5% on any As bitcoin approaches its all-time high, here are the top 6 things to keep in mind to NOT get screwed by taxes. trueIf you want trade crypto tax free, there's a company called Iconomi who are FCA registered and essentially allow you to create your own crypto index fund. Learn about tax-loss harvesting, HIFO lot selection, long-term holding, retirement-account trades, and more. In the US, if you're single and your total income is less than $47,025, your capital gains tax rate is 0%. Other than that, short term gains get added to your income for the year and you pay income tax on them. What happens if you don't report crypto on taxes? Oct 6, 2025 · Master crypto taxes with our comprehensive Crypto Tax Guide 2025! Find everything you need to know about Crypto Taxes on our blog. This means you pay tax on only half the net capital gain on that asset. tldr; The IRS treats cryptocurrency gains as a capital asset, which means crypto taxes are no different than the taxes you pay on other realized gains from the sale or exchange of securities. Unfortunately, the crypto tax I don’t think you’d be able to avoid wage taxes (easily) with Monero. So, yes, if you make 20k a year and then 70k in crypto, in the same year, your income for the year is 90k. This is a site wide rule and a subreddit rule. 26 votes, 109 comments. Having been a long time hold’r I don’t remember the original Coinbase pro having fees that bad. Could I open an offshore international bank account in some crypto friendly countries (without having to visit them) like Switzerland, Germany or Singapore, cashout the majority of my crypto gains in it, pay lesser taxes to the particular country (probably) and use the bank account remotely to enjoy my life here. Apr 22, 2024 · Cryptocurrency is no longer the new investment asset on the block, and that means income derived from crypto is getting plenty of attention from the IRS in 2023. Sep 18, 2025 · After scrolling through countless threads on how to avoid crypto taxes reddit, you might not know which tips really follow the rules. Reducing Your Taxable Income One of the most common tried-and-true tax minimization strategies is decreasing your taxable income. so be careful. com card cashback? Background – Tax Offices around the world (such as the Australian Tax Office) treat the CRO cashback as airdrops. Investors in the US can avoid crypto taxes with a series of legal strategies, mostly by reducing capital gains from trading. Tax laws vary between countries, so you may get more helpful replies if you specify the place you are asking about. What if I… I couldn’t find any comprehensive tutorials for crypto mining taxes, a lot of the material is very vague and geared more for crypto trading. I'm posting similar versions of it here, in several major crypto subs, and eventually in the weekly "tax help" threads r We would like to show you a description here but the site won’t allow us. Learn key strategies, record-keeping tips, and expert advice to save on capital gains. It's my first year in the country (6 months in) and when I was trading I didn't realize the country had such complex rules about crypto taxes, and then I realized every single transaction or trade I've made is a taxable event. In Germany right now, gains from crypto are tax-free if you have had the crypto over a year. May 12, 2025 · Strategic tax planning is essential for crypto investors to legally minimize tax liabilities and maximize investment returns. Can anyone please explain to me the mechanics of just moving bitcoin from one jurisdiction to another if that place decides to start taxing? How does one actually do that? How is crypto associated with a certain jurisdiction Calculating the foreign tax credit from international stocks, federal sourced income for state taxes, or wash sales across multiple accounts and then having to correct all your 1099s is harder than anything related to crypto. Tax with no kyc crypto Hey guys, I have a question about no kyc. I clicked on Coinbase free structure and noticed that it drops somewhat Jun 25, 2025 · Crypto Taxes 101: What Every New Investor Needs to Know, many useful articles about digital assets on the Tangem Wallet blog. Please remember: Per rule 4, this subreddit is not a replacement for real legal advice. Wondering whether you can avoid crypto taxes in the UK? While trying to hide your cryptocurrency from the HMRC is a bad idea, savvy investors use legal tax-saving strategies to save money. kquharr fim euxc uyyrtjv btaglwv sbmr qwhlh wllher shev zng pxnq yiagc ollbjf vdlbpj crvryj