/biz/ - Business & Finance

>>22910288
It's not a cope if I just learned something interesting. Apparently not only can I probably write it off as a capital loss, but since my income is less than 78,000 a year currently I won't have to pay any capital gains taxes (probably). I would probably have to hash out the details with an accountant, but it's big if true since it means I can reach a point where I'm not paying much of any taxes purely by just sucking ass at investment. This is besides stuff like stimulus checks which are also non-taxable. And then maybe waiting until january 1st to sell certain assets and pushing that into the 2021 tax year, like a jew.

https://www.irs.gov/taxtopics/tc409