[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 505 KB, 775x775, 1517342678426.png [View same] [iqdb] [saucenao] [google]
12179001 No.12179001 [Reply] [Original]

Anyone here unironically paying tax?

>> No.12179188

I haven't paid tax all year on my self employed businesses. I had to reinvest all my money to grow my projects so i couldnt afford it. Unironically I am going to get justed beyong belief come april

>> No.12179202

>wanting to get all your shit seized by the IRS

Uncle Sam ain't nuttin to fuck wit, they'll garnish your wages until death

>> No.12179550

>>12179001
Yes. But I'm also unironically not a brainlet so I traded everything to eth and back when btc was 3.4k so I could realize a ton of losses from my trades in January. I wont have any tax liabilities for a long time.

>> No.12179738
File: 137 KB, 804x802, haha.png [View same] [iqdb] [saucenao] [google]
12179738

>>12179001
you have to have gains for that

>> No.12179909

Don't you have to sell to fiat before your taxed? If I never sold.. then.. no

>> No.12179986

Yes b/c when I buy a mansion in the hills for 3btc I don’t want Uncle Sam to come at me from taxes I didn’t pay from 3 years ago.

>> No.12180081

I have thousands of trades on binance trying to be me talented daytrader (and have the losses to show for it). Never reported anything to IRS. If I ever make it (ha..) not sure what I'll do. I figure if the sum is big enough to be noticed I will pay for some tax advice. Or something.

Can I just buy hundreds of gift cards? Tide detergent?

>> No.12180208

>>12179550
>The 30-day rule in the stock market – commonly referred to as the "wash sale" rule – affects the taxable gains and losses on stocks you sell. The purpose of the rule is to prevent you from selling stock for a tax loss and buying it right back.

>> No.12180373

>>12180081
If you ever try to cash out a large amount and haven't previously reported you're going to get audited.

>> No.12180435

>>12179001
Anyone here unironically paying tax?
Only everyone that isn't an absolute brainlet.

>> No.12180456

>>12179550
>unironically wash trading and plans to report it
>I’m not a brainlet
Lmao

>> No.12180495

>>12179001
IRS owes me money, i took losses trading this year

>> No.12180535

>>12179550
fucking brainlet

>> No.12181317

>>12180373
What is a "large amount"? More than 10k? Can I just divide any future gains into a mix of banks, various stablecoins, PayPal, gift cards, Squarecash.... etc. PayPal doesn't report income under 20k...

>> No.12181379

>>12180081
Hoping that if I make it I can just pay a penalty fee and give up half my money or something, I honestly can't be fucked with reporting such small gains

>> No.12181392
File: 21 KB, 218x265, 1538601598575.jpg [View same] [iqdb] [saucenao] [google]
12181392

>>12180435
>he's actually paying taxes on his trades or profits
lulz
inb4 IRS: try not being american or an official tax resident anywhere. it's real good, lads

>>12179738
:)

>> No.12181647

>>12179001

I owe the IRS almost $500 for fees and interest for paying my stuff late. Can I just... not pay it?

>> No.12181667

>>12179202
>wages
ragie wagies on suicide watch