Taxes Involved when Investing in Cryptocurrency || What is taxable & non-taxable || Tax Planning
They say that the only guarantees in life are “death and taxes.” Well I would have to agree and that is especially true with Cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and all other cryptos. You NEED to make sure you are reporting your crypto gains, losses, and transactions correctly so that you don’t incur a tax surprise from Uncle Sam.
In this podcast I want to cover:
1. Is Cryptocurrency Taxable?
2. What type of Transactions are Taxable?
3. What type of Transactions are NOT Taxable?
**Please make sure you consult your CPA or Tax Professional!**
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Drew is a registered Investment Adviser Representative and has earned the certifications of Certified Retirement Counselor®, Registered Financial Consultant®, licensed insurance agent and notary public for the state of Florida.
Originally from Kentucky, Drew moved to Florida for college and has worked in the financial services industry since graduating from the University of South Florida in 2009 with a bachelor's degree in business administration. He began his career focusing on market research, analysis and financial strategies and gained valuable experience in asset preservation and retirement planning.
Drew, along with his wife, Valerie, founded Pearl Wealth Group with a desire to help individuals and families with their retirement and financial dreams. Drew hosts the “Your Financial EKG” weekly podcast and YouTube channel and has created and trademarked his proprietary retirement process called the “Retirement EKG.” Drew has been published in Kiplinger Investment Magazine, featured in Forbes and been a financial guest on Spectrum News.
Drew resides in Tampa with his wife, two daughters, one son and two lovable dogs. Away from the office, he enjoys spending time with his family and taking them to the many beaches in the Tampa Bay area. Drew is also a huge fan of baseball and the Kentucky Wildcats.