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EP 21: Handling Cryptocurrency Like a Pro
Manage episode 424672084 series 3429740
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In this episode of Common Sense Millionaire, I’m going to equip you to handle your cryptocurrency like a pro. We're going to tackle the IRS's classification of crypto as property, and it’s potential for recognition as an investment security by other organizations. Your digital gold is not as anonymous as you might think - and whether you're investing through an investment company or independently, it's crucial to keep your wallet address protected and carefully keep records. I’ll also share an unforgettable story that highlights the cost of misplacing your wallet address… One man's loss of his hard drive resulted in him forfeiting billions in cryptocurrency. Don't learn this lesson the hard way.
Tune in to the discussion today!
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Chapters
1. EP 21: Handling Cryptocurrency Like a Pro (00:00:00)
2. Tax Considerations for Crypto Investments (00:00:02)
3. Historical Data for Financial Success (00:09:53)
24 episodes
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