What are the best strategies for minimizing taxes on cryptocurrency income?

1 answers

• Dec 25, 2021 · 3 years ago
  At BYDFi, we believe in transparency and compliance. When it comes to minimizing taxes on cryptocurrency income, one of the best strategies is to hold your investments for at least one year to qualify for long-term capital gains tax rates. Additionally, consider utilizing tax-loss harvesting to offset gains with losses. It's important to consult with a tax professional who can provide personalized advice based on your specific situation. Remember, minimizing taxes is important, but always prioritize compliance and legal obligations.
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