{"id":117836,"date":"2025-12-04T11:13:34","date_gmt":"2025-12-04T11:13:34","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=117836"},"modified":"2025-12-04T11:13:34","modified_gmt":"2025-12-04T11:13:34","slug":"genius-tax-strategy-for-rekt-us-traders-could-save-a-fortune","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=117836","title":{"rendered":"Genius Tax Strategy For Rekt US Traders Could Save a Fortune"},"content":{"rendered":"<p>One Big Mac, one large fries, and a medium Coke for only $39.99 plus taxes and tip! And Americans think the Trump no-income tax plan will help them.<\/p>\n<p>Crypto markets are <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">limping into December<\/a>, and we\u00a0still have taxes to pay next year. <\/p>\n<p>\t<span class=\"cwp-coin-widget-container\"><\/span><\/p>\n<p>\t\t<!-- name of the coin in the text --><br \/>\n\t\t<span class=\"cwp-coin-widget-wrapper\"><br \/>\n\t\t\t<span class=\"cwp-coin-widget-holder \"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon \"><\/span><\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-label \">Bitcoin<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-symbol hidden\">BTC<\/span><\/p>\n<p>\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price hidden\">$93,377.83<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend  negative\">0.09%<\/span><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t\t<br \/>\n\t\t\t<br \/>\n\t\t<\/p>\n<p>\t\t<!-- popup with basic info about the coin --><br \/>\n\t\t<span class=\"cwp-coin-popup-wrapper \"><br \/>\n\t\t\t<span class=\"cwp-coin-popup-holder\"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon\"><\/span><\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-name\">Bitcoin<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-symbol\">BTC<\/span><br \/>\n\t\t\t\t<br \/>\n\t\t\t\t<span class=\"cwp-coin-price\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price-value\">$93,377.83<\/span><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t\t<span class=\"cwp-coin-trend negative\">0.09% \/24h<\/span><br \/>\n\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t<\/span><br \/>\n\t\t\t\t<span class=\"cwp-coin-volume\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-volume-value\">$49.19B<\/span><br \/>\n\t\t\t\t\t&lt;!&#8211; <span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend\">?<\/span><br \/>\n\t\t\t\t\t<\/span>                     &#8211;&gt;<br \/>\n\t\t\t\t<br \/>\n\t\t\t\t<span class=\"cwp-coin-chart\"><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-container negative\"><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t\t\t\t<span class=\"cwp-coin-link\"><br \/>\n\t\t\t\t\t\t<a href=\"https:\/\/99bitcoins.com\/goto\/bestwallet\" target=\"_self\" class=\"cwp-coin-custom-link\" rel=\"noopener\"><br \/>\n\t\t\t\t\t\t\tLearn more\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t<\/p>\n<p>\t\t<br \/>\n\t<\/p>\n<p>\t slid more than six percent on Monday, its sharpest single-day drop since March, briefly touching lows near $93,000.<\/p>\n<p>But where most investors see red, 99Bitcoins tax strategists see an opening and a narrow year-end window for <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">crypto tax-loss harvesting<\/a>. Meanwhile, President Trump might eliminate income taxes soon; here\u2019s what you need to know.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2>What is Tax-Loss Harvesting and Why Does It Matter for Crypto?<\/h2>\n<p><span><\/span><\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p><\/p>\n<p>Crypto occupies a unique place in the tax code. Because cryptocurrencies are classified as <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/analysis\/top-crypto-stocks\/\" target=\"_blank\" rel=\"noopener\">property rather than securities<\/a>, wash-sale rules that restrict stock traders from immediately rebuying sold assets do not currently apply. The result is a loophole that allows traders to realize losses for tax purposes without exiting the market.<\/p>\n<p>If you bought $2,000 worth of crypto and it is now worth $1,000, selling before December 31 locks in a $1,000 loss. That loss can offset realized gains elsewhere, then up to $3,000 in ordinary income, with the remainder carried forward indefinitely. It\u2019s cool beans!<\/p>\n<p>\u201cIf you have the ability to reduce your taxable income, it\u2019s always beneficial.\u201d \u2013 Miklos Ringbauer, CPA<\/p>\n<p>(Source: <a class=\"general-link\" href=\"https:\/\/x.com\/hgalways1\/status\/1993734151694926054\/photo\/1\" target=\"_blank\" rel=\"noopener\">X<\/a>)<\/p>\n<p>CoinGecko data shows that more than 65%\u00a0 of top-100 assets are trading below their 90-day moving averages.<\/p>\n<p><a class=\"general-link\" href=\"https:\/\/studio.glassnode.com\/dashboards\/core-on-chain\" target=\"_blank\" rel=\"noopener\">Glassnode\u2019s<\/a> short-term holder SOPR dipped below 1.0 this week, signaling that the majority of recent sellers exited at a loss, which is fertile ground for harvesting.<\/p>\n<p>(Source: <a class=\"general-link\" href=\"https:\/\/studio.glassnode.com\/dashboards\/core-on-chain\" target=\"_blank\" rel=\"noopener\">Glassnode<\/a>)<\/p>\n<p>Additionally, <a class=\"general-link\" href=\"https:\/\/defillama.com\/chains\" target=\"_blank\" rel=\"noopener\">DeFi Llama<\/a> reports a -7% week-over-week decline in aggregate TVL, consistent with capital rotation into cash positions ahead of tax deadlines.<\/p>\n<p>All these indicators suggest that December will be dominated by strategic selling rather than panic selling.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">Top 20 Crypto to Buy in 2025<\/a><\/strong><\/p>\n<h2>Trump No Income Tax Plan: POTUS Tax Bombshell Throws a Curveball<\/h2>\n<p>In a surprising twist, President Donald Trump suggested Tuesday that Americans may soon \u201cnot even have income tax to pay,\u201d arguing that tariff-driven revenue could allow the federal government to abolish taxes on income entirely.<\/p>\n<p>\u201cAt some point in the not too distant future you won\u2019t even have income tax to pay.\u201d \u2013 Donald Trump<\/p>\n<p>While Trump\u2019s base is celebrating the announcement \u2013 OMG TRUMP ALREADY DID THIS! \u2013 Many Americans are waiting to see if the tax cut materializes first.<\/p>\n<p>Trump says the $2,000 tariff dividend is likely coming next year, on top of record tax refunds. He even believes the income tax will be abolished for most Americans. If he pulls this off, it will be one of the biggest financial wins for working people in decades. <a href=\"https:\/\/t.co\/ApeV6VzFxn\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/ApeV6VzFxn<\/a><\/p>\n<p>\u2014 Chad Prather (@WatchChad) <a href=\"https:\/\/twitter.com\/WatchChad\/status\/1995913308956930499?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 2, 2025<\/a><\/p>\n\n<p>It\u2019s another example of TDS at its finest. MAGA has already enshrined Trump as a Hercules-like figure, who can accomplish nearly anything by merely willing it so.<\/p>\n<p>But can Trump unilaterally cancel income taxes? No, that requires an Act of Congress. But the President is so fixated on Trump and cowers so shamefully before his perceived godlike powers that this may as well already have happened.<\/p>\n<p>So, anyway, don\u2019t count on income tax cuts and prioritize something real like tax-loss harvesting instead.<\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/singapore-denies-do-kwons-14m-refund-demand-for-stolen-penthouse\/\" target=\"_blank\" rel=\"noopener\">Singapore Denies Do Kwon\u2019s $14M Refund Demand For \u2018Stolen\u2019 Penthouse<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p>        One Big Mac, one large fries, and a medium Coke for only $39.99 plus taxes and tip! And Americans think the Trump no-income tax plan will help.    <\/p>\n<p>         Don\u2019t count on income tax cuts and prioritize something real like tax-loss harvesting instead.    <\/p><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/genius-tax-strategy-for-rekt-us-traders-could-save-a-fortune\/\">Genius Tax Strategy For Rekt US Traders Could Save a Fortune<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>One Big Mac, one large fries, and a medium Coke for only $39.99 plus taxes and tip! And Americans think the Trump no-income tax plan will help them. Crypto markets are limping into December, and we\u00a0still have taxes to pay next year. Bitcoin BTC $93,377.83 0.09% Bitcoin BTC Price $93,377.83 0.09% \/24h Volume in 24h [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-117836","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117836"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117836"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117836\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}