The copyright boom minted overnight fortunes—but few are prepared for the less glamorous reality: capital gains tax on copyright.
According to legal expert Joseph Plazo, a leading authority in copyright taxation, a staggering percentage of copyright holders overpay the IRS. And the worst part? It’s preventable.
==
“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:
==
???? **1. Long-Term Holding = Lower Taxes**
Capital gains tax is significantly lower on assets held for over 12 months. Joseph Plazo advises clients to plan exits wisely.
==
???? **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.”
==
???? **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.
==
???? **4. Use Corporate Entities**
Trading as an individual? You’re likely bleeding cash. Joseph Plazo recommends setting up LLCs, corporations, or trust structures to reduce exposure and increase deductions.
==
???? **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.”
==
???? **The Joseph Plazo Mindset**
“If you don’t have a copyright tax plan, you’re donating to the IRS.” Plazo quips. His approach is aggressive yet compliant—and it’s saving clients hundreds of thousands annually.
==
**Final Word**
Your freedom ends where tax law begins. If you’re investing serious capital, you need Joseph Plazo in your corner.
Ready to play smarter with copyright tax? Joseph Plazo’s copyright click here tax blueprint might just be your best investment yet.