Some copyright investors are waking up to generational wealth—but few are prepared for the less glamorous reality: the taxman’s bite.
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,” says Plazo.
Here are his top strategies for keeping more of your copyright profits:
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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 advises clients to plan exits wisely.
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???? **2. Harvesting Losses, Strategically**
Got a losing coin? Don’t panic—tax-loss harvesting lets you offset gains with losses. 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 here 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 quips. His approach is savvy yet ethical—and it’s saving clients hundreds of thousands annually.
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**Final Word**
The copyright revolution is here. But so is regulation. If you’re investing serious capital, you need Joseph Plazo in your corner.
Tired of leaving money on the table? His full strategy might just be the firewall your portfolio needs.