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Charitable remainder trusts and other tax efficient options for cryptomos

Anyone done research into this topic? "With the hist...
Puce swashbuckling field
  04/21/18
guys with multi-millions in gains should hie to Cayman Islan...
talented bearded sound barrier
  04/21/18
...
Learning disabled deranged fortuitous meteor messiness
  04/22/18


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Date: April 21st, 2018 7:00 PM
Author: Puce swashbuckling field

Anyone done research into this topic?

"With the historic rally in Bitcoin and Ethereum, there are more investors than ever seeking to diversify their newly expanded cryptocurrency holdings. Whether this diversification involves exchanging cryptocurrency for fiat, other cryptocurrencies or a mix of both, the downside can be capital gains tax exposure.

Capital gains (if the underlying property has been held for over a year) are taxed at 15 percent, 18.8 percent or 23.8 percent, dependent upon the amount of income received during the year. One common method of tax reduction is to spread sales/exchanges over multiple years, in order to “soak up” the maximum amount of income into the 15 percent and 18.8 percent brackets.

If you're seeking to diversify, it’s really only practical to spread sales over a few years at most. But what if there were a way to sell immediately while still deferring this capital gains income over a much longer period, such as 20 years or even a lifetime? And what if this method were able to also provide some benefit to charity, with a corresponding charitable deduction?

Enter the Charitable Remainder Trust"

https://bitcoinmagazine.com/articles/quasi-charitable-trusts-how-cryptocurrency-holders-can-diversify-while-deferring-taxes2/

(http://www.autoadmit.com/thread.php?thread_id=3956061&forum_id=7#35890460)



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Date: April 21st, 2018 7:36 PM
Author: talented bearded sound barrier

guys with multi-millions in gains should hie to Cayman Islands or Switzerland to get this figured out tbh. the rest of us, not worth the trouble. funneling some into Roth IRA (no future taxes) is probably cr though.

(http://www.autoadmit.com/thread.php?thread_id=3956061&forum_id=7#35890594)



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Date: April 22nd, 2018 9:08 PM
Author: Learning disabled deranged fortuitous meteor messiness



(http://www.autoadmit.com/thread.php?thread_id=3956061&forum_id=7#35896810)