Tax Loss Selling in Bitcoin Ep. 32

The Peter Schiff ShowTax 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