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Bitcoin Billionaires Beware – Tom Wheelwright and Robert Kiyosaki on Bitcoin taxes

 









If you sold, mined, or traded cryptocurrencies in 2020, then this episode is for you! Tom Wheelwright, Rich Dad Advisor on Taxes, warns listeners as they prepare for filing taxes this year, “Anytime you use or trade your virtual currency, that’s a taxable event.”


But what does trade mean, exactly? According to Tom, if you did anything other than just buy it, then you have to declare it—if you don’t it’s a felony.


In addition to the tax rules of cryptocurrencies, Tom and Robert discuss opportunities to pay less taxes on other commodities like gold, silver, oil, and solar. And as Tom predicts, Green Energy investors will be rewarded with incentives in the near future because every government wants cheaper energy.


Host Robert Kiyosaki and guest Tom Wheelwright discuss what changes are happening for gold, silver & Bitcoin, and how you can pay less taxes, legally.


To learn more about the IRS Tax code on cryptocurrencies, visit:

https://www.richdad.com/


Facebook: @RobertKiyosaki

https://www.facebook.com/RobertKiyosaki/


Twitter: @TheRealKiyosaki


Instagram: @TheRealKiyosaki

https://www.instagram.com/therealkiyosaki/



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Robert Kiyosaki
Robert Toru Kiyosaki (born April 8, 1947) is an American businessman and author. Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. The company's main revenues come from franchisees of the Rich Dad seminars that are conducted by independent individuals using Kiyosaki's brand name for a fee. He is also the creator of the Cashflow board and software games to educate adults and children about business and financial concepts.
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