Unlock the full potential of the tax code and learn how an LLC can help you manage your crypto investments. Discover strategies for mitigating taxes on capital gains, estate taxes, and more to enhance your financial future!
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00:00So if you're setting up an LLC, you get the full breadth of the tax code, okay, to be able to offset any capital gains that you may or may not have.
00:08You know, American-based cryptos, according to Trump, are going to be tax-free on capital gains.
00:13I hope that's the case.
00:14You're still not going to be able to mitigate income tax if you're using the assets to produce returns of some kind or yield.
00:20You've still got gift tax and estate tax.
00:22The best way to be able to mitigate those things, but having it in an LLC and using it as an investment vehicle and managing those investments through the company, the way to do it, man.
00:33That's where the cost of benefit starts to make sense is when you have at least $50,000 invested in crypto that you think is going to go much higher.
00:40That's when you might start looking at an LLC.
00:42Anything less than that, just keep dollar cost averaging in crypto.
00:46I'm not financial advice.
00:47I'm not a financial advisor.
00:48We employ financial advisors at Digital Wealth Partners, so they can tell you to keep buying more XRP.
00:53I can't say that, but anyway, I digress.