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Tom Bilyeu

πŸ‘€ Speaker
26465 total appearances

Appearances Over Time

Podcast Appearances

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

Most people do not realize every crypto to crypto trade is taxable.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

And for the first time ever, exchanges are now required to report your digital asset sales directly to the IRS.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

If your records don't match theirs, you've got a problem.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

Sum, formerly Crypto Tax Calculator, was built specifically to solve this problem.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

It supports TurboTax along with over 3,500 exchange, wallet, and crypto integrations.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

It handles DeFi, NFTs, staking, and airdrops with full support for US-specific tax rules.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

And it strips out spam tokens so junk doesn't corrupt your actual gains and losses.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

Sum generates IRS-ready reports that maximize your deductions and minimize what you owe.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

If you're ready to turn crypto chaos into confidence, click the link in the show notes and use code TOMVIP20 for 20% off your first year at Sum.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

Thanks for staying tuned.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

Now, let's get back to it.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

Now, is this a uniquely American thing or the correlates in other Western countries hold true?

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

OK, aggressive.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

I like it.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

Right.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

I agree so aggressively.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

I'm getting a cramp.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

Okay, bold statement.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

So before we just blow past that.

Tom Bilyeu's Impact Theory
Balaji: The Fed Does Invisibly What Lenin Did With Guns β€” And You're Not Supposed to Notice | Impact Theory W/ Tom Bilyeu & Balaji

Okay, do you need to touch on that first?