Clinton explores the topic of whether the current tax break limit for capital losses should be changed. He proposes that Congress increase the capital loss limitation in code section 1211 to $15,000 starting this year (versus the current $3,000 limit), retroactively and inflation adjusted thereafter. He explains how capital gains and losses are taxed, and the annual limit on the amount of capital loss that can be deducted. The distinction between short-term and long-term investments and the reasons behind the limit on losses are also discussed.
βπ½ Join The Crypto Tax Amnesty Initiative
π https://www.cryptotaxamnesty.org
π₯ Do your crypto taxes right with CryptoTaxAudit
π https://www.cryptotaxaudit.com
π£ Host: Clinton Donnelly
Twitter π https://twitter.com/CryptoTaxFixer
Clinton Donnelly, LLM, EA, is the president and founder of CryptoTaxAudit. Clinton holds an advanced law degree in international financial planning and taxation. He is an enrolled agent authorized to represent taxpayers before the IRS. Clinton also holds a Certified Cryptoasset Anti-Financial Crime Specialist certification.
β¬β¬β¬β¬β¬ SPONSOR β¬β¬β¬β¬β¬
π Sponsor: CryptoTaxAudit
CryptoTaxAudit, the crypto tax and IRS audit experts, sponsored this episode.
Founded in 2015, CryptoTaxAudit is a full-service tax preparation, crypto calculation, and audit defense company. Clinton Donnelly founded the company and currently serves as its president. Clinton has assembled an experienced team of crypto tax experts, including CPAs, enrolled agents, forensic accountants, and gain calculation analysts. The companyβs crypto experts deliver personalized services to help clients get into compliance, develop their tax strategies, and receive professional representation before the IRS.
CryptoTaxAudit protects its clients with Audit Defense, its flagship membership service. Audit Defense membership counters the growing cost of defense against the IRS by providing a cost-effective option for crypto traders and investors.
Visit π https://CryptoTaxAudit.com
β¬β¬β¬β¬β¬ NOTICE β¬β¬β¬β¬β¬
β οΈ πππͺππ₯π π’π π¦πππ π ππ₯π¦ ππ‘ π’π¨π₯ ππ’π π ππ‘π§π¦ ππ‘π ππ’π π π¨π‘ππ§π¬ ππππ‘π‘πππ¦
We will never ask you for your personal information on social media. Beware of people masquerading as our host, guests, or sponsor company.
π Disclaimer
All opinions expressed by the showβs host and guests are their own. Do not construe them as tax, legal, or financial advice. In addition, they may not represent the policies or opinions of our sponsor, CryptoTaxAudit. Research legal, tax, and financial guidance and advice as needed.
Thank you for your support. Please check out our other videos. Like, share, and subscribe!
Popular Podcasts
On Purpose with Jay Shetty
Iβm Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and Iβm so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood youβre able to deal with relationship struggles, work challenges and lifeβs ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them weβve never seen before. New episodes every Monday and Friday. Your support means the world to me and I donβt take it for granted β click the follow button and leave a review to help us spread the love with On Purpose. I canβt wait for you to listen to your first or 500th episode!
Ruthie's Table 4
For more than 30 years The River Cafe in London, has been the home-from-home of artists, architects, designers, actors, collectors, writers, activists, and politicians. Michael Caine, Glenn Close, JJ Abrams, Steve McQueen, Victoria and David Beckham, and Lily Allen, are just some of the people who love to call The River Cafe home. On River Cafe Table 4, Rogers sits down with her customersβwho have become friendsβto talk about food memories. Table 4 explores how food impacts every aspect of our lives. βFoods is politics, food is cultural, food is how you express love, food is about your heritage, it defines who you and who you want to be,β says Rogers. Each week, Rogers invites her guest to reminisce about family suppers and first dates, what they cook, how they eat when performing, the restaurants they choose, and what food they seek when they need comfort. And to punctuate each episode of Table 4, guests such as Ralph Fiennes, Emily Blunt, and Alfonso CuarΓ³n, read their favourite recipe from one of the best-selling River Cafe cookbooks. Table 4 itself, is situated near The River Cafeβs open kitchen, close to the bright pink wood-fired oven and next to the glossy yellow pass, where Ruthie oversees the restaurant. You are invited to take a seat at this intimate table and join the conversation. For more information, recipes, and ingredients, go to https://shoptherivercafe.co.uk/ Web: https://rivercafe.co.uk/ Instagram: www.instagram.com/therivercafelondon/ Facebook: https://en-gb.facebook.com/therivercafelondon/ For more podcasts from iHeartRadio, visit the iheartradio app, apple podcasts, or wherever you listen to your favorite shows. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.