Not only did I LOSE money in crypto, it made me completely BROKE (DTP)
| Mustard Parlour People Who Are Hurt | 02/13/18 | | Frozen Plaza | 02/13/18 | | Mustard Parlour People Who Are Hurt | 02/13/18 | | Henna kitty weed whacker | 02/13/18 | | Frozen Plaza | 02/13/18 | | Mustard Parlour People Who Are Hurt | 02/13/18 | | Henna kitty weed whacker | 02/13/18 | | exhilarant vermilion newt library | 02/13/18 | | Mustard Parlour People Who Are Hurt | 02/13/18 | | passionate frisky public bath | 02/15/18 | | Slate adventurous dysfunction stage | 02/15/18 | | Aromatic bright liquid oxygen hominid | 02/15/18 | | garnet stimulating yarmulke hospital | 02/13/18 | | Mustard Parlour People Who Are Hurt | 02/13/18 | | Aquamarine Field Ape | 02/13/18 | | White Indecent Gaping Death Wish | 02/13/18 | | crimson whorehouse hairy legs | 02/13/18 | | Clear provocative multi-billionaire partner | 02/13/18 | | Saffron Menage | 02/13/18 | | Mustard Parlour People Who Are Hurt | 02/13/18 | | vibrant kitchen | 02/13/18 | | Mustard Parlour People Who Are Hurt | 02/13/18 | | Saffron Menage | 02/13/18 | | Green point athletic conference | 02/13/18 | | Peach glittery feces | 02/13/18 | | Mustard Parlour People Who Are Hurt | 02/13/18 | | Peach glittery feces | 02/13/18 | | Motley useless brakes | 02/13/18 | | Motley useless brakes | 02/13/18 | | pearl doobsian institution | 02/13/18 | | Motley useless brakes | 02/13/18 | | Mustard Parlour People Who Are Hurt | 02/13/18 | | Motley useless brakes | 02/13/18 | | brass galvanic striped hyena tattoo | 02/13/18 | | Saffron Menage | 02/13/18 | | Peach glittery feces | 02/15/18 | | Tripping amber cumskin market | 02/13/18 | | Hateful nubile blood rage school cafeteria | 02/13/18 | | Dead tanning salon | 02/13/18 | | Motley useless brakes | 02/13/18 | | Aquamarine Field Ape | 02/15/18 | | Motley useless brakes | 02/13/18 | | Floppy twinkling piazza dopamine | 02/15/18 | | Jade fortuitous meteor | 02/15/18 | | razzle misanthropic cuck | 02/15/18 | | Jade fortuitous meteor | 02/15/18 |
Poast new message in this thread
Date: February 13th, 2018 3:18 PM Author: Mustard Parlour People Who Are Hurt
as you guys know, i sold everything at a 50% loss in late january right before the SEC hearings. i still firmly believe crypto is done here.
now i found out that ALL crypto-to-crypto trades are taxable events, and i was up 200% of my investment on dec. 31 2017.
that means, for this tax season, i need to pay income tax on 200% using just 50% of my investment.
"my investment" was basically all my savings, every dollar and penny i had. this basically wipes me out.
still trying to understand if there's some loophole i can use to get out of this, or i'm totally done.
(http://www.autoadmit.com/thread.php?thread_id=3892072&forum_id=2#35394313) |
|
Date: February 13th, 2018 8:48 PM Author: Mustard Parlour People Who Are Hurt
he's the reason i lost 5 figures on leverj:
http://www.xoxohth.com/thread.php?thread_id=3746019&mc=3&forum_id=7
and now it was just some joke to him? he didn't buy any himself? well fuck that faggot
(http://www.autoadmit.com/thread.php?thread_id=3892072&forum_id=2#35397247) |
Date: February 13th, 2018 5:10 PM Author: garnet stimulating yarmulke hospital
how much of this is serious? i’m stunned that anyone would admit to losing money in maybe the biggest asset appreciation in human history
you have future hedge fund manager written all over you
(http://www.autoadmit.com/thread.php?thread_id=3892072&forum_id=2#35395460) |
|
Date: February 13th, 2018 7:09 PM Author: vibrant kitchen
And the IRS knows this how?
Let alone the personnel to enforce at scale?
I’ll be here waiting for your response
Thank
(http://www.autoadmit.com/thread.php?thread_id=3892072&forum_id=2#35396544) |
Date: February 13th, 2018 8:56 PM Author: Motley useless brakes
I don't understand. You bought crypto, it appreciated, you sold it, made $1M, then bought more crypto?
I thought capital gains taxes only apply to realized gains, so if you didn't sell it you didn't actually make any money.
NOT A LAWYER
(http://www.autoadmit.com/thread.php?thread_id=3892072&forum_id=2#35397326) |
Date: February 13th, 2018 9:01 PM Author: Motley useless brakes
Lol just realized this is elaborate flame
A gain is not realized until the security that has appreciated is sold. For example, say you buy some stock in a company and your investment grows steadily at 15% for one year. At the end of the year, you decide to sell your shares. Although your investment has increased since the day you bought the shares, you will not realize any gains until you have sold them. As a general rule, you don't pay any tax until you've realized a gain. After all, you need to receive the cash made from selling at least part of your investment in order to pay any tax.
Read more: Capital Gains Tax 101 | Investopedia https://www.investopedia.com/taxes/capital-gains-tax-101/#ixzz572mdirIS
Follow us: Investopedia on Facebook
(http://www.autoadmit.com/thread.php?thread_id=3892072&forum_id=2#35397358) |
Date: February 13th, 2018 9:14 PM Author: Tripping amber cumskin market
lol, all you gold rush cryptards have no idea what you'll do about taxes as you assume you just became millionaires in a few months off <$50K investments.
the groupthink and willful ignorance here is amazing although I will say the crypto mania isn't exactly limited to XO. still, LOL, this place prides itself on being 'smarter' than the rest of the internet.
(http://www.autoadmit.com/thread.php?thread_id=3892072&forum_id=2#35397464) |
Date: February 13th, 2018 9:17 PM Author: Hateful nubile blood rage school cafeteria
so you sold in dec 31 and made $1mm in crypto and then bought $1mm in crypto and lost 50% so ur at $500k and now you need to pay 50% in taxes for some reason, so everything is gone.
k makes sense.
(http://www.autoadmit.com/thread.php?thread_id=3892072&forum_id=2#35397487) |
Date: February 15th, 2018 11:24 PM Author: Floppy twinkling piazza dopamine
that sucks man I'm sorry to hear about that.
Fucking that crypto is some dangerous shit
(http://www.autoadmit.com/thread.php?thread_id=3892072&forum_id=2#35414281) |
|
|