Analysis by crypto tax experts [2]: Have you lost money in the currency circle? Remember to use it: Introduction to Tax Loss Harvesting #Tax#Crypto Tax
šTax Loss Harvesting is an investment tax optimization strategy. Investors trigger capital loss by selling loss-making assets, thereby deducting capital gains tax and reducing the overall tax burden. šNegligible Value Claim is a tax declaration mechanism that is suitable for assets that are almost worthless but have not yet completely disappeared (such as bankrupt stocks, zero-debit coins). Investors can apply to the UK Tax Office to consider the asset as a Deemed Disposal, which triggers a Capital Loss for deduction of capital gains tax (CGT). 00:00 Starting 02:23 What should I do if the asset liquidity is poor or cannot be sold if it is delisted? 05:08 Pay attention to retaining the evidence of asset value [near zero] š¢ Exclusive interview: The top crypto tax experts in the UK interpret key tax knowledge In this exclusive interview, I invited MYNA Accountants, one of the first accounting firms in the UK to get involved in cryptocurrency tax, and now I have grown into an expert team of top crypto tax firms in the UK. Jamie, who was interviewed this time, is not only a senior crypto tax accountant and a partner in the firm, but also a Cardano holder. She has a deep understanding of how Cardanoās eUTxO mechanism affects tax filing. š Although this interview is based on the UK tax framework, many tax common sense applies globally. No matter which country you are in, understanding these principles can help you better understand the basic ideas of crypto tax filing and ensure that your assets are compliant and safe. āļøIf you want to consult, the following is Jamie's contact information: Remember to report my name (dumpling), you can consult Jamie for one hour for free (English conversation) Twitter: https://x.com/CryptoTaxJme (you can send a private message) Email: Jamie@mynaaccountants.co šThe tax filing software I use: https://koinly.io/?via=6EAA904A&utm_source=affiliate š„Telecom group: https://t.me/DayDayAda (high-quality discussion, do not chat over the screen) š° Trader group: https://t.me/cardanotraders (talk about the price, verify it immediately after joining the group, otherwise you will be banned) ļæ½'s drep ID: drep1y2rtf58m0lv9spcqx5mads20gpfulf6l97w57ecdy00vjdq0klh4l yoroi user: drep1s66dp7mlmpvqwqp4xltvzn6q2086whe0n48kwrfrmmyngmuvvhr ā¤Staking Ada to: Fika pool, stable block yieldā¤Chinese Twitter: https://x.com/jiaozibullish ā¤SNEK group: https://t.me/SNEKCN #cardano #ada #adacoin#cardano#NFT #mining#cryptocurrency#currency Circle#ERG #DEPIN #WMT #RWA #Bul market#Airdrop#charleshoskinson#SNEK#projectcatalyst#cardanonft#AXO#Smart contract#Ethereum#ISPO#COTI
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