Portfolio in the red? How tax-loss harvesting can help stem the pain
“If you've made a sale during the tax year, and you've sold at a loss, there's basically a benefit there,” says Koinly’s head of tax. Crypto investors — particularly those that bought in toward the top of the market in 2021 — may be able to find some salvation through a tax-saving strategy called “loss harvesting” according to Koinly’s head of tax. Koinly is one of the most widely-used crypto tax accounting firms online. Head of tax Danny Talwar told Cointelegraph that while most retail investors are aware of their obligation to pay capital gain taxes (CGT) when they make profits, many are....
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Strategy sold a small portion of its Bitcoin holdings last week, marking the company’s first disclosed BTC sale since its December 2022 tax-loss harvesting transaction. The sale is notable less for its size than for what it signals: Strategy is now willing to use a sliver of its Bitcoin stack to service the preferred equity structure it has built around its balance sheet. According to a Form 8-K filed with the US Securities and Exchange Commission, Strategy sold 32 BTC between May 26 and May 31 for roughly $2.5 million. The average sale price was $77,135 per bitcoin, net of fees and....
Today the New York Stem Cell Foundation (NYSCF) announced that it was starting to accept bitcoin gifts through BitPay. The New York Stem Cell Foundation (NYSCF) is an independent organization founded in 2005 to accelerate cures and better treatments for patients through stem cell research. NYSCF employs over 45 researchers at the NYSCF Research Institute, located in New York, and is an acknowledged world leader in stem cell research and in developing pioneering stem cell technologies, including the NYSCF Global Stem Cell ArrayTM. NYSCF Co-Founder and CEO Susan L. Solomon commented:....
Thailand's cabinet approved tax relief for bitcoin and cryptocurrency investors giving a value-added-tax and loss-harvesting tools to offset taxes.
Data shows the Unrealized Loss on the Bitcoin network has been elevated recently, but investor pain remains below previous capitulation events. Bitcoin Has Seen A Notable Value On The Relative Unrealized Loss Recently In its latest weekly report, on-chain analytics firm Glassnode has discussed the latest trend in the Bitcoin Relative Unrealized Loss, an indicator […]
The software used by Stem, which is based on blockchain technology, lets creators aggregate data from a lot of different distribution platforms. Monetizing content on the Internet is not an easy task these days, but there are solutions under development as we speak. Stem, a startup using the blockchain to help content creators collect and share revenue, recently announced a US$4.5m funding round. One of the hardest things to do as a content creator is earning money and keeping track of where all funds are coming from. Thanks to a wide variety of platforms in existence to try and make a....