1920: Ask Farnoosh: Tax on Bitcoin? How to Negotiate Workplace Benefits?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 2K Ratings

🗓️ 19 December 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

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In this Ask Farnoosh episode, Farnoosh answers listener questions on the tax implications of receiving Bitcoin as a gift, including how cost basis and capital gains work when you sell, plus smart ways to negotiate benefits beyond salary at a small business, from retirement matches to bonuses and potential equity alternatives. She also offers guidance for PhDs entering a competitive job market, shares practical ways to invest in your health for long-term financial wellbeing, and explains when withdrawals from a whole life insurance policy may be taxable.

Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!

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Transcript

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0:00.0	So Money episode 1920. Ask Farnoosh.
0:04.1	You're listening to So Money with award-winning money guru Farnoosh Karabi.
0:09.0	Each day, get a 30-minute dose of financial inspiration from the world's top business minds,
0:14.3	authors, influencers, and from Farnoose yourself.
0:18.2	Looking for ways to save on gas or double your double coupons? Sorry. You're in the wrong
0:23.6	place. Seeking profound ways to live a richer, happier life. Welcome to So Money, everybody. I'm Farnoose
0:33.1	Tarabi, December 19th, 2025. We have questions today about Bitcoin, believe it or not.
0:41.3	Lori in the audience has just received the gift of Bitcoin worth about $18,000. And she's wondering,
0:48.8	because she listens to this podcast and she's financially responsible, what is going to be my tax
0:53.6	responsibility when I sell this,
0:56.5	when I sell this currency? We have questions about how to negotiate benefits with your employer,
1:01.5	ways to invest in your health. And do you have to pay taxes if you get money from a whole life
1:06.5	insurance policy and not a death benefit? We'll get to those questions in a moment. Before we get
1:11.7	things going, I just want to say happy birthday to my BFF, Kathleen Kate, we call her Daley, whom I met
1:21.1	in college, first day of school at Penn State. And I write about her in a chapter about FOMO in a healthy state of panic. And I just
1:31.0	love her. So I wanted to kick off the show on that happy note. It's a big month for birthdays.
1:35.4	In fact, my sister-in-law Hannah celebrated her birthday on December 15th. My husband's birthday is he's a
1:41.7	winter solstice baby. And my son actually is a summer solstice. He's June 21st. What is that about? My son actually asked me, he's like, why did that phenomenon happen? I didn't have a good answer other than just, I don't know, good luck. Just to let you know how the rest of the year is going to play out, we're going to be looking back over the next couple of weeks at the best episodes of the year. It's a tradition
2:02.2	here on the podcast where we take all of the episodes, all hundreds of them from 2025,
2:08.0	and we segment them into different themes that seemed to pop up over the days and months of
2:14.2	2025 and we'll highlight them. In case you missed any of them, it's an opportunity
2:19.2	to get snippets and then go back and listen to them for more deep dives. But stay tuned for that
	...

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