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/biz/ - Business & Finance

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>> No.4359441 [View]
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4359441

Riddle me this boot lickers
>be tax day
>kept every record of every transaction like a good boy
>my shitcoin went 5x it s initial value
>didnt cash out cuz /biz/ said it s a taxable event so i would have to pay taxes anyway
>convert exact ammount of my shitcoin to usd
>pay 25% of my gains
>next day the CEO of my shitcoin announces he will support CP cryptography
>Shitcoin tanks to oblivion
>Lose all my money
>i havent even cashed out

it does not make any fucking sense to pay taxes without cashing out

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