"Did you know that if you are a married couple that files their taxes jointly, you can live off of up to $94,050 of your bitcoin without paying any capital gains tax?
Yes, this is true. Completely tax free.
Consult your tax professional for more details."
Sorry if this is not the right stack for this topic. If there's a better stack, please let me know. I want to learn more about this and similar things like the wash sale loophole for example.
This assumes no other income and no state cap gains tax (like in TN or NH).
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Its actually more than that since youre taxed on the gain not the sale. So if you sell $150k but bought that bitcoin for $70k, your gains are $80k which dont hit the Federal threshold if you're married.
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so many things wrong in this bullshit post ! btw this is not a post for bitcoin beginners... why people are zapping this crap?
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Always good to see you Darth
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i know for certain If you have a tax-advantaged account (like an IRA or similar retirement account in the US), selling Bitcoin within that account may allow you to defer taxes until you withdraw funds, potentially at a lower tax rate in retirement
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Do you expect tax rates to rise or lower over time?
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no mention of jurisdiction and based off a twatter post
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