Day Traders Can Use Regulated Crypto Futures To Save Big On Taxes
Regulated cryptocurrency futures bypass the default short-term, long-term capital gain tax rules applicable to cryptocurrencies. It allows you to treat 60 cents of each dollar of profit you make as long-term gains, irrespective of the holding period of the asset. For the savvy day trader, this can yield up to 24% of tax savings.
What Is A Cryptocurrency Futures Contract?
A futures contract is an…
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