MultiversX Tracker is Live!

Taking out BTC with the least tax as possible

Bitcoin Reddit

More / Bitcoin Reddit 65 Views

It's been over a year since my last purchase of BTC, so I won't be paying capital gains taxes for investments that are less than a year old. However, I need a good amount of money to buy something in the near future, and I can't take out a loan as my income isn't high enough. So, my only option is selling some BTC.

What's the best way to go about this? I was thinking of taking out some BTC little by little throughout the years, to pay the least capital tax possible while also letting the BTC grow at the same time.

submitted by /u/immenselyfucked
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑🟑🟑 Huobi🟑 Kucoin.