1. EachPod

Tax Loss Selling in Bitcoin Ep. 32

Author
Peter Schiff
Published
Wed 10 Dec 2014
Episode Link
https://schiffradio.com/tax-loss-selling-bitcoin-ep-32/?utm_source=rss&utm_medium=rss&utm_campaign=tax-loss-selling-bitcoin-ep-32

Tax Loss Selling in Bitcoin Ep.32



* In 2014 Bitcoin was the worst-performing financial asset

* Spending bitcoins triggers a taxable event

* Spending or selling at a loss also reflects on your taxes

* This holiday season, harvest tax losses while shopping

* Write-off could exceed value of gift

* You can also buy bitcoins back at a savings from original cost if you wait 30 days

* Buy Gold and Silver while harvesting tax loss


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