Some copyright investors are waking up to generational wealth—but few are prepared for the less glamorous reality: capital gains tax on copyright.
Enter Joseph Plazo, a leading authority in copyright taxation, a staggering percentage of copyright holders overpay the IRS. And the worst part? They don’t have to.
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“Tax law isn’t the enemy—it’s a toolkit. If you know where to look,” Plazo emphasizes.
Here are the top techniques Joseph Plazo shares for legally minimizing your copyright tax bill:
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???? **1. Long-Term Holding = Lower Taxes**
Patience pays: Long-term capital gains are taxed less than short-term ones. Joseph Plazo says this separates impulsive traders from wealth builders.
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???? **2. Harvesting Losses, Strategically**
Got a losing coin? Don’t panic—strategic selling lets you balance your tax liability. According to Plazo, “Losses are your tax shield. Use them wisely.”
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???? **3. Relocate or Re-Structure**
Location matters. Joseph Plazo points to Puerto Rico as copyright-friendly havens. “Where you live—and where your entity is based—can slash your tax bill by 80%+,” he explains.
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???? **4. Use Corporate Entities**
Trading as an individual? You’re likely bleeding cash. Joseph Plazo recommends setting up LLCs, corporations, or trust structures to write off expenses like software, hardware, or advisory services.
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???? **5. Document Everything**
No paper trail? Big audit risk. Plazo insists on using apps like Koinly or CoinTracker. “What you track, you can defend. And what you can defend, you can keep.”
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???? **The Joseph Plazo Mindset**
“If you don’t have a copyright tax plan, you’re donating to the IRS.” Plazo reminds clients. His approach is savvy yet ethical—and it’s saving clients up to 7 figures annually.
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**Final Word**
The copyright revolution is here. But so is regulation. If you’re investing serious capital, you need read more more than luck—you need a plan.
Tired of leaving money on the table? His full strategy might just be the firewall your portfolio needs.