Corey San Diego on Nostr: If your household income is < $125k you can appreciate a gain up to the difference ...
If your household income is < $125k you can appreciate a gain up to the difference without paying capital gains, hopefully you live in a state without cap gains.
E.g. if you make 100k and have 50k of bitcoin that you bpught for 30k and held for over a year, you can sell it, see a gain of 20k, and keep the total annual income under 125k which is taxed at 0% federally.
Published at
2024-10-25 14:32:29Event JSON
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"content": "If your household income is \u003c $125k you can appreciate a gain up to the difference without paying capital gains, hopefully you live in a state without cap gains.\n\nE.g. if you make 100k and have 50k of bitcoin that you bpught for 30k and held for over a year, you can sell it, see a gain of 20k, and keep the total annual income under 125k which is taxed at 0% federally.",
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