Frankie Abbruzzino, Realtor

12/23/2024

12/22/2024

One of the issues I am exploring now is how to cash out the significant amount of money I have made off my crypto. Many of you are in the same boat, so what are the options? Swap one crypto for another, but guess what….. You must pay capital gains on the swap ( https://www.binance.com/en/square/post/17584508513746 ). Here are some of the viable options:

• Sell your crypto and pay the capital gains. You will see that the government will take a huge chunk of your profits.
o Under one year, you will have a larger capital gain. The rate depends on the amount sold. The more you are selling and claiming, the higher the rate. I will get hit with a 37% tax rate, even with a small sell.
o Over one year, the rate is 20%.
o You can find more information at https://www.binance.com/en/square/post/17584508513746

• Create a CRUT (charitable remainder unitrust).
o You put the crypto in the trust, taking a charitable tax deduction.
o Once in the trust, sell your crypto.
o My understanding is that about 10% must go to a charity, the rest can be paid out accordingly over a 20-year period
o There are other rules that the IRS has you follow. You can find out more at https://www.irs.gov/charities-non-profits/charitable-remainder-trusts

• Take a loan
o There are a few companies out there, which will hold your crypto as collateral.
o They loan you the money and you pay interest on the loan. The interest will be far less than the capital gains, if you were to sell.
o You are not taxed on loans.
o Here is some more info on crypto loans https://www.irs.gov/charities-non-profits/charitable-remainder-trusts

• Sit tight and see if Trump passes the no tax on crypto, which he has talked about.
o My understanding is that will only be on US crypto, like XLM or XRP.
o Trump’s crypto company is buying up XRP holding about 5 million) along with Musk Black Rock (about 7.9 million coins) and many others. Also, Brad has been consulting the White House on crypto………
o For more information on this, go to https://www.binance.com/en/square/post/17584508513746

Thoughts? Did I miss any options?

Image by Petre Barlea from Pixabay

12/22/2024

I am still a licensed realtor; I am just not active. I have found more success trading crypto, where I am making 50k times more than real estate or any of my other businesses could ever bring in......... So, I wanted to change this page up and on occasion share some information, so that individuals will have access to information and possibly be as successful as I have become in the crypto sphere.

Currently my holdings are with (bitcoin), XRP (Ripple), and XLM (Lumens) . I hold about 15k coins, with the majority in and .

08/16/2024

Rules around buying and selling a home to change on Saturday

https://thesuncoastnews.com/2024/08/rules-around-buying-and-selling-a-home-to-change-on-saturday/


Frankie Abbruzzino, Realtor

    Rules around buying and selling a home to change on Saturday  - WFLA Francesco Abbruzzino, The Uncensored Report, LLC   To read this story click --- >>> here     [embed]https://www.youtube.com/watch?v=9LIeR8KwP-c[/embed]    

08/14/2024

Interesting podcast by Todd w Sach's Realty. He talks about the new changes impacting real estate buyer and seller agreements, which takes place in a few days. He does cover the hit that real estate is taking this year. Todd has some intelligent people on his podcast, ranging from Peter Schiff to Harry Dent.

Florida Stellar MLS in the past 7 days from this podcast.
* 11,000 listings
* 13,000 price drops
* 3,000 deals cancelled

Homeowners are Struggling and Housing Market is a Complete Disaster!

https://www.youtube.com/watch?v=V7RgQB_4HKM

Frankie Abbruzzino, Realtor

04/05/2024

3 Tips for First-Time Home Buyers
By Vance Tong

To successfully navigate the market, first-time buyers should expect to move quickly and make an offer if they see a home they like. They should also seek mortgage preapproval.

https://www.floridarealtors.org/news-media/news-articles/2024/04/3-tips-first-time-home-buyers

Frankie Abbruzzino, Realtor
www.realestatebyfrankie.com

To successfully navigate the market, first-time buyers should expect to move quickly and make an offer if they see a home they like. They should also seek mortgage preapproval.

04/05/2024

Avoiding Scams: Find Reliable Movers in Florida
By Brody Wooddell

Senate Bill 304 – signed into law on Tuesday – is aimed at protecting consumers against shady movers. Consumers should still vet a moving company before hiring one.

https://www.floridarealtors.org/news-media/news-articles/2024/04/avoiding-scams-find-reliable-movers-florida

Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com

Senate Bill 304 – signed into law on Tuesday – is aimed at protecting consumers against shady movers. Consumers should still vet a moving company before hiring one.

04/04/2024

As a 100% disabled veteran, I have successfully managed several companies, donning many different hats. I encourage everyone to consider working with companies that are owned by veterans or working with veterans. Our community has a lot to offer, and we are committed to providing high-quality products and services. Let's support each other by giving back to those who have served our country. Check out my companies Telfonix Medical Billing (www.Telfonix.com), Francesco Abbruzzino - The Scoop/ Francesco Abbruzzino- The Scoop Group(www.TheSuncoastNews.com), and Frankie Abbruzzino, Realtor(www.RealEstateByFrankie.com) for more information.

04/04/2024

Judge Rejects Blocking Flood Insurance Changes
By Jim Saunders

Local and state government attorneys say the financial impact from the program changes have “crippling effects.” FEMA says the cost increases have been exaggerated.

https://www.floridarealtors.org/news-media/news-articles/2024/04/judge-rejects-blocking-flood-insurance-changes

Frankie Abbruzzino, Realtor
www.RealestateByFrankie.com

Local and state government attorneys say the financial impact from the program changes have “crippling effects.” FEMA says the cost increases have been exaggerated.

04/04/2024

Buyers Preference Shifting to Smaller Homes
By Amy Connolly

Homebuyers are increasingly looking to build smaller, more affordable homes. The average size of a new-build home in 2023 fell to the smallest size since 2010.

https://www.floridarealtors.org/news-media/news-articles/2024/04/buyers-preference-shifting-smaller-homes

Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com

Homebuyers are increasingly looking to build smaller, more affordable homes. The average size of a new-build home in 2023 fell to the smallest size since 2010.

04/04/2024

Housing Market Update: Listings, Sales Stumble As Sellers and Buyers Take Easter Break

https://www.redfin.com/news/housing-market-update-listings-sales-stumble-easter-effect/

Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com

04/04/2024

8 new property insurance companies approved to enter Florida market

https://thesuncoastnews.com/2024/04/8-new-property-insurance-companies-approved-to-enter-florida-market/

Frankie Abbruzzino, Realtor
www.RealEstateByFrankie.com

    8 new property insurance companies approved to enter Florida market Francesco Abbruzzino, The Uncensored Report, LLC   To read this story click --- >>> here       Support Francesco Abbruzzino by utilizing his businesses: Frankie Abbruzzino, Realtor – RealEstateByFrankie.com Telfonix Medi...