/biz/ - Business & Finance

Nice. I make 20k a year well did before unemployment

>>21386001
FUCK I JUST GOT A RAISE TO PUT ME OVER $37,951

>>21386077
its like 39k for 2020 but the bad part is i think it's only for long term (1 year or more) trades

>>21386098
All my link is long term. I wonder if I could take a pay cut

>>21386147
i wonder how it would work if you bought your link and dont have the receipt and never filed for it from 2019. thats my situation. would they consider it long term if i dont have proof?

>>21386001
nice.
this state owes me about $400k+ anyways.
diagnosing me with tism, lyme disease, add, etc.
then completely disregarding me and losing my medical records once 18..
i hope someday i can find a good kike lawayer.
with all the pain and suffering, and negative impact it had on me, could easily get 200mill+ lawsuit.

>>21386001
Wait it's income up to $40,000 that gets you 0%? I thought it was 0% on the first $40,000 of capital gains.
>t. quit my job at the beginning of march

>>21386192
Damn we didn't ask for your sad fucking story mate

>>21386178
>don't have the receipt
Everything is on the blockchain

Neets win again.

>>21386385
Okay, I was right. The capital gains amount matters.
https://smartasset.com/investing/capital-gains-tax-calculator

>>21386001
reported to the IRS

>>21386385
>>21386500
https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rates/
OP is a lying faggot that will get people in trouble with the IRS. OP can't understand how taxes work.

>>21386192
you have to have damages to get a number like that, your life is not worth 200mil anon, even wrongful death lawsuits rarely reach 8 figures.

>>21386001
Holy fuck bless you OP
NEETS WIN AGIAN

>>21386001
Yea so if im jobless i dont have to pay, nice

>>21386001

So can I just realize the gains and then invest it back into the exact same asset? and stay below that $40K mark roughly

>>21386601
yeah you might be right

>>21386601

Uh no he isn't? If you have no other income and hold for a year and realize 40K or less in profit its tax free federally and some states don't have any either or incredibly low

>>21386667
I wonder if punitives would apply though. That could get crazy high

>>21386192
my sides are in orbit

>>21386758
why even bother doing that, you're just draining your stack to exchange fees and you still have to report the trade, dumbass.

The real move is assigning an appreciated asset to your children when they new born and then cashing it out within that 40K window. Each kid gives you an additional 40K you can do each year basically as you are guardian of the accounts anyway from what I am reading. The same applies to dividend taxes 40K limit

>>21387135

It was just a question and If I'm position or swing trading and think the asset will go down in price I won't pay taxes on it up to 40K of the realized gains and then get better basis dumbass

>>21387140
it all makes sense now

>>21387140
I got a circumcision from reading this post.

HOLY FUCKING SHIT

>>21387368
>>21387306

Lmao yea I'm going to out jew them. You can also pay your child an income from your business starting at birth basically

>>21386001
How am I gona lose 5 mil?

>>21386077
do you pay capital gains on anything over that or do you now have to psy capital gains on that as well?