/biz/ - Business & Finance

>>53072474
HAHAHAHAGAHHHAHAHAHAHA FUCK SAYLOR

>>53072474
Reminder: once MS sells it all that's the bottom signal.

down 2 billion

>>53072486
He’s probably selling to harvest business tax losses.

>>53072486
Oh no. Once Saylors sells, it's the end for bitcoin. We are not even talking about "how much" we are talking about exchanges closing doors and bag holders trying to sell it IRL again.

>>53072474
Bitcoin absolute bottom confirmed

>>53072520
> selling to harvest business tax losses.
Yeah that’s what he was claiming when asked for comment

>>53072516
+ operational costs.

>First things first, Michael Saylor’s MicroStrategy seems far from being done with buying BTC. The company revealed another purchase of more than 2,000 bitcoins, bringing its total to more than 132K. It’s also worth noting, though, that the company also sold around 700 BTC for the first time ever – for tax purposes.

OP is a faggot he doesn't understand selling for tax purposes and then immediately loading up. This is a crypto strategy few realize

Taxes. To offset "realized gains and losses".
God you people are stupid.
This is why this board is dead.

>>53072520
That would tie in with the purchase shortly after.

>>53074384
>>53074416

>For the first time ever
>for tax purposes

The absolute state of coping cryptocucks.

>>53074384
Don't change the fact this retard was buying all the way from the top to just last week when he could wait a couple weeks/months and buy at half the price

>>53072474
It’s over.

>>53072520
this, it's not that hard to understand you chuds.

>>53072486
>Reminder: once MS sells it all that's the bottom signal.
May I ask you why?

>>53072520
he can't.
the IRS will still consider it a wash sale, it doesn't pass the economic substance test for microstrategy.
afterwards, after he makes no comment about this, you guys will claim you knew all along he was actually just lowering his cost basis.
then the price of bitcoin will fall below that adjusted cost basis, saylor will still make no comment, and motherfuckers who don't actually know the IRS rules will still be here saying "trust the plan" type shit

>>53074384
see this? thousands of these motherfuckers out here believe this
this is why the IRS has 80,000 new agents.
you must prove the sale and repurchase has Material Economic Substance outside of the repositioning itself, otherwise you cannot claim a tax loss

>>53075107
Wash sale doesn't apply to crypto. You don't actually know the IRS rules.

>>53075234
lmao that was 2014, chump
just watch!

If you are not shorting BTC right now you hate money.

>On December 28, 2022, MicroStrategy Incorporated (“MicroStrategy”) announced the following:
>During the period between November 1, 2022 and December 21, 2022, MicroStrategy, through its wholly-owned subsidiary MacroStrategy
LLC (“MacroStrategy”), acquired approximately 2,395 bitcoins for approximately $42.8 million in cash, at an average price of
approximately $17,871 per bitcoin, inclusive of fees and expenses.
>On December 22, 2022, MacroStrategy sold approximately 704 bitcoins for cash proceeds of approximately $11.8 million, at an average
price of approximately $16,776 per bitcoin, net of fees and expenses. MicroStrategy plans to carry back the capital losses resulting from
this transaction against previous capital gains, to the extent such carrybacks are available under the federal income tax laws currently in
effect, which may generate a tax benefit.
>On December 24, 2022, MacroStrategy acquired approximately 810 bitcoins for approximately $13.6 million in cash, at an average price
of approximately $16,845 per bitcoin, inclusive of fees and expenses.

>>53075180
>>53074612
I'm not an tax expert, but, I'm thinking his CFO has qualified advice, and publishing your supposed tax fraud in your 8-K filing would seem like a dumb thing to do.

>>53074767
20/20 hindsight fallacy

>>53072523
how many BTC do they have?

>>53074612
>Retard alert!
Hey retard, when is tax season again?

>>53075841

>>53075180
Republicans aren’t letting that happen.

>>53072486
Them selling is leveraged liquidation. They are in the hole significantly.

>>53072520
this. he doubled down on ethereum being shit, so you know he's quadrupling down on being a maxi

>>53075876
He's literally commiting fraud, but that's ok because that way the bear market will end sooner than expected.

>>53072474
brainlet ex CEO

>>53072483
What do bitcoin hands look like?

No wash sale rule in crypto. You sell, buy back, loss realized that can be deducted from taxes.

>>53074612
During years like this year every accountant is suggesting you tax loss harvest if you have a tax bill and fat losses. Although for normies like us I don't think we can report BTC losses, I may be wrong. Ask an accountant.

>>53077158
>Literally fraud
Anon I don't think you know what fraud means.

>>53072516
Only 50% down. That's honestly not bad, 99.9% of anons lost more.

what are the tax implications of harvesting some of their bitcoin for energy, since energy prices were high during 2022. seems like it would've been a perfect time to do it.

>>53072523
this is also a bottom signal

>>53072474
buy high sell low

>>53077182
I really and genuinely feel sorry for you if you think he is a brainlet. I am not a fan of anybody because all have skeletons in their closets but he is not a brainlet by any stretch.