Cryptocurrency Explained: Avoid GIANT Unexpected Tax Bills on Cryptocurrency Trades 2021

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Wait, I have to pay taxes on crypto-to-crypto trades AND selling bitcoin, ethereum tokens, or other cryptoassets for fiat?!? Maybe. In many places, you owe taxes on the money you make from investments - yes, taxes on crypto investments. In the last bull market, lots of people got rekt because they didn’t know the basics about taxes and crypto investments. But you can learn from their mistakes! While Andreas isn't a tax professional, in this video he explains some of the ways people have gotten hurt in the past and how you can avoid those pitfalls. Watch this if you're planning to sell or trade bitcoin, ether, or any other crypto investment.

Original: https://www.youtube.com/watch?v=P9vEZwT8T0o