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8956172 No.8956172 [Reply] [Original]

Yes I know I'm an idiot, no need to tell me.

I opened these positions in 2017 and held on because I didn't want to realize the loss. I only bit the bullet and closed them in 2018. Is there anyway I can count these as a capital loss in 2017 even though I didn't close them in 2017? There are records showing the margin trades that led to these losses.

Thanks

>> No.8956189

Nope

>> No.8956197

>>8956172
lmao.

>> No.8956217

>>8956172
>he shorted litecoin in 2017
holy freaking LOL!

>> No.8956218
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8956218

You can only claim $3000 worth of capital loss annually, but don't worry. The loss carries over. Now you can claim a $3000 loss every year until the day you die.

life ain't so bad, is it anon?

>> No.8956221

damn son. I almost puked seeing those losses

>> No.8956222

HAHAHAHAHAHHAHAHAHAHHAHAHAHAHKRITOENXBXB

>> No.8956228

>>8956172
no

>> No.8956236
File: 219 KB, 775x581, 1516160136-wokack.png [View same] [iqdb] [saucenao] [google]
8956236

>>8956172

>> No.8956245
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8956245

>>8956218
i forgot to do that this year

>> No.8956246

>>8956218
That's not how it works. You can always claim it against capital gains, but only against 3,000 of income.

>> No.8956252

>>8956218
Only if you itemize which with the standard deduction being increased substantially won't be beneficial for most.

>> No.8956253

>>8956246
i'm pretty sure he meant net capital loss

>> No.8956848

>>8956172
S

>> No.8957270

>>8956172
no
also you deserve it for shorting eth in 2017

>> No.8957309

If you closed them at a major loss you are uttery fucking retarded. 2018 will be the year of the shorts and you would of been on the way to breaking even. This pop up recently was high shorters buying back and reset indicators plus give bulls a relief rally and normies fomo in to our orders and now we are ready for the next major move down this week. Sell low! Buy high! The post.

>> No.8958292

>>8956172

how did you manage to get that much btc to piss away in the first place?

>> No.8959292

>>8956172
thank you for providing liquidity

>> No.8959539
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8959539

>>8956172

>> No.8959894
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8959894

>>8956172

>> No.8960852

https://www.reddit.com/r/CryptoCurrency/comments/8cypig/i_owe_over_500k_in_taxes_due_to_margin_trading/

>> No.8960893

Congrats on shorting the biggest bull run we just witnessed in humanity history.

If you shorted between Jan to May it would have been the correct play.