Donate to a (c)(3) nonprofit charity to avoid crypto capital gains tax and even deduct your donation. 3. How to Report Cryptocurrency on Taxes. 1) Tax Forms. Invest crypto into an IRA, pension or annuities fund. How to Minimize Crypto Taxes · 1. Hold Until Your Short-Term Gains Turn Into Long-Term Gains · Here's an example: · 2. Offset Capital Gains with Capital Losses · 3.
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