Crypto Taxes Explained For Beginners | Cryptocurrency Taxes

"if you are lending out your cryptos the tax treatment is going to be that's going to be classified as interest income"

"if you're using a trading robot those gains i'm assuming that the robot's not going to be placing trades buying holding and selling in a year so i'm assuming that it's going to be high frequency going in and out in and out in that situation dude they still will be short-term capital gains"

"the irs has specifically and explicitly clarified that cryptocurrencies you cannot use a like-kind exchange like kind exchange rule is out"

"if your account is compliant with u.s rules and regulations and with the irs then the irs and the government they're going to know everything about your trades"

"if it's not compliance with u.s or irs reporting regulations then the answer is no the irs they're going to have no visibility about your trades"

"if they are in compliance with irs reporting if you're if your company or where your stock or your crypto account is with if they're compliant with u.s laws and irs regulations then yes they will be giving you a tax form"

"losses are worth their weight in gold when it comes to taxes because losses are deductions and deductions will save you money on taxes"

"or it can give you you know future tax deductions to offset against your future crypto gains"