Whether you just traded your first NFT or you've been a believer since the beginning, crypto is a compelling new asset class with a unique return and risk profile. But with complex tax treatment and an ever-changing regulatory landscape, there's a ton to learn. Even the most sophisticated investor needs discipline to manage their crypto portfolio and protect their upside. By keeping your relative risk tolerance in mind and planning ahead, you can create a crypto investing strategy you can use regardless of market movement.
For a startup employee, learning about your company’s initial public offering (IPO) is an exciting time. But it’s also overwhelming from a financial planning perspective. You have a variety of different equity grants, and you must decide what to do with each one. How many stock options should you exercise and sell, and when? What will your tax obligations be, and how can you minimize them?
Conventional wisdom says that startup equity is worthless. While most startups fail, there’s a chance your equity will become a life-changing pot of money. This guide explains how to make the most of your equity.
Planning for retirement often feels pointless. You’re young and your startup is taking off — why should you worry about retirement now?
Crypto has its own unique tax treatment. Depending on whether you are earning crypto as income, purchasing NFTs, or trading cryptocurrencies, there may be different tax implications. Filing taxes for crypto transactions can quickly get unruly to manage given the complex tax treatment and the ever-shifting regulatory landscape. Keeping detailed records of your crypto transactions can help ensure your taxes are optimized.
As a crypto holder, you can donate crypto instead of cash to charities of your choice and receive the same tax benefits. In fact, donating crypto (rather than selling crypto into cash or donating cash) can help you avoid long-term capital gains tax and make your donation go further. Just make sure you document your crypto donations so you can count them against your adjusted gross income (AGI) to lower your overall tax obligation. You can also contribute crypto to a donor-advised fund.