Beyondthesea @Somewherelookin

Joined April 2022

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Beyondthesea @Somewherelookin

a year ago

@cryptotaxadvise Interesting.. Is there any specific documentation I should keep to prove the loss? Also, can I offset NFT losses against gains from stocks and other assets?

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Bankhead Crypto Tax Advisors @cryptotaxadvise

a year ago

🔆Hey everyone! If you have questions about crypto taxes, you’re welcome to join us for free office hours ⏳tomorrow, 2:00 PM PT / 5:00 PM ET⌛️ We’ll have a live thread going on my account so we can chat in real time. No sales pitch here. Just a space to connect, share experiences, and explore topics together. It’s chaotic and confusing, and I want to share what I know to help in any way I can. ‼️I believe it’s important to recognize when you’re being taken advantage of and with the right strategic planning, you can avoid those situations. ⭐️In the end, it’s not about how much you make. It’s about how much you keep, and that’s an investment we should all be making. . . . #CryptoInvestor #CryptoRecovery #CryptoRecovery #CryptoRescue #CryptoTax #Crypto

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Bankhead Crypto Tax Advisors @cryptotaxadvise

a year ago

🚨 Office Hours Alert 🚨 Tomorrow (Thu) at 2 PM PT / 5 PM ET we’re going LIVE to tackle YOUR crypto tax questions HERE on X. 💬 Bring your biggest pain points 🔍 We’ll dissect, explain & clarify 📩 DM us for unique transactions 💡 First 5 likes = your choice of a free 1:1 call or msg chat to go deep on your own crypto assets. We’ll answer, share insights & help you optimize a plan. Let’s cut through the bear traps! See you tomorrow🔥 . . . #CryptoTax #OfficeHour #Crypto #CryptoTrading #CryptoHelp #CryptoGems #taxes #TaxServices

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57 years ago

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Beyondthesea @Somewherelookin

a year ago

@cryptotaxadvise Thanks. Just joined

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Bankhead Crypto Tax Advisors @cryptotaxadvise

a year ago

We've been getting lots of questions recently so here are quick key points: 1⃣Gains from cryptocurrency are taxed like property. Every sale, exchange, or purchase can trigger a taxable event. 2⃣ Assets held longer than one year qualify for lower long-term capital gains rates; shorter holds are taxed at ordinary income rates. 3⃣ Accurate, timestamped records of each transaction’s date, amount, fair-market value, and fees are essential. 4⃣ Losses can offset gains across your portfolio, helping reduce your overall tax bill. Beginning in 2026 (for 2025 activity), brokers and exchanges must report crypto sales on Form 1099-DA.