Tax Implications of Crypto. Micah Fraim

Episode 232: The mere mention of Crypto currency sends some people into a tailspin. What is it? How can you make money from it and most of all when is the best time to invest in it? And if you did get in at the right time, and made a substantial gain, what steps do you need to take to ensure it doesn't all go to Uncle Sam?   Micah Fraim CPA, of cryptotaxcpa.com dives into the world of crypto and reveals the risky reality of the blockchain and the irony of the massive potential losses and the tax liabilities that investors are unaware of.   In this episode you will learn: The number 1 myth around taxable income in the crypto space. What investors can do to avoid costly tax liabilities when investing in crypto. The legal implications of trading crypto. Resources: Grab Micah's free guide "7 Crypto Tax Mistakes Most Accountants Miss That Will Eat Up Your Profits"   Other episodes you'll enjoy: To NFT or Not to NFT. Melissa DaSilva - https://go2.money/NFT NFA with Money. Dr. Amanda Barrientez - https://go2.money/NFA Unconsciously Comfortable in Debt. Simone Milasas - https://go2.money/Comfortable-In-Debt   Connect with MYSA: https://go2.money/Follow-Us   Loved this episode? Leave us a review and rating here: https://lovethepodcast.com/MYSA