How income taxes *WILL* affect your Elephant NFT investments!

<blockquote> <p>Note: I am not a licensed financial advisor, nor do I have any authoritative knowledge of your tax code. Please consult with an appropriate tax advisor prior to implementing any decisions based upon the information herein.</p> </blockquote> <p>The topic of income taxes is rarely touched upon in the&nbsp;<a href="https://elephant.money/" rel="noopener ugc nofollow" target="_blank">Elephant.Money</a>&nbsp;ecosystem for a very simple reason; such talk is expressly forbidden in the&nbsp;<a href="https://t.me/elephant_money" rel="noopener ugc nofollow" target="_blank">telegram group</a>&nbsp;because it is a global endeavor and what holds true for one buyer in one nation might be incorrect for an investor in a different jurisdiction.</p> <p>Some ELEPHANT buyers might live in countries where crypto earnings are entirely tax exempt and for them planning their strategy is a more straightforward endeavor; they can simply push their capital and reinvest their earnings into whatever is likely to reap the largest rewards, and that is all which they need consider.</p> <p>Other buyers however might need to consider how their earnings are taxed, whether those funds would be considered ordinary income, short term or long term capital gains, what their tax bracket is, and how best to structure their investments in such a way as to retain the maximum amount of their earnings while complying with their tax code.</p> <p><strong>This is where Elephant Money Unlimited NFT&rsquo;s could play a very important role for some buyers, depending upon how their taxing authority categorizes them.</strong></p> <p><a href="https://medium.com/@cryptosorceror/how-income-taxes-will-affect-your-elephant-nft-investments-6bccf0a7e672"><strong>Learn More</strong></a></p>
Tags: Income taxes