David Spencer, Owner of DKS Tax and Consulting, joins Ernest Hoffman, Reporter at Kitco News, to discuss crypto tax, how individuals can defray their taxes, and how the government can track your crypto transactions.
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
0:00 – Penalties for not paying taxes
1:10 – Crypto’s treatment in tax
3:01 – Crypto bull vs. bear markets
4:22 – Individual crypto holdings
5:26 – Crypto legislation
#crypto #tax #blockchain
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23 Comments
The "government" does NOT track Monero XMR esp if purchased at a machine.
"You must expect great things of yourself before you can do them." —Michael Jordan
FkIRSunconstitutional&VOLUNTARY
Hello
when the govt is your enemy here in the USA.
Don’t report your taxes on crypto . No taxation without representation , no rules or regulations no tax . There are no rules on crypto therefore under the court of law it doesn’t exist
SEC owns Dogecoin 2B worth
Thanks 👍
F THE TAX MAN
Just received 2btc thank you
OMG I decided to take a chance and joined with all my 3btc got back 6btc very quick and easy to participate
I'm sorry but this presenter is awful. David was simply too good.
Where in the law does it say we need to pay taxes? Isn’t is voluntarily? Serious question.
How can the irs force something that’s not even a law? That’s illegal
Yeah i agree it's good chance, i didn't miss out and received 20 BTC they came to my wallet in 5 minutes after participating
Well they need to give us money on our losses
The "IRS" is a private institution based in Porta Rico that is somehow "government affiliated " you can not find a single law stating you must pay taxes. However you are stuck filling out various tax papers therefore the assumption and presumably you have decided to participate!
tax is theft, abolish the government it has ZERO "authority" no one has the moral right to rule over anyone else
Pirate Chain & Monaro F this guy
1:40 The Wash Sale Rule is 30 days, not 60 days. This guy is a CPA? C’mon, man!
Just use a VPN to mask your IP address.
I always subscribe.
So the government wants our tax money for crypto, but at the same time is against crypto? F U government