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16403818 No.16403818 [Reply] [Original]

Daily reminder if you live in the USA you don’t have to pay capital gains tax on anything under the 39k

40k-434k = 15% tax on gains
435k+ = 20% tax on gains

>> No.16403828

>>16403818
Really? Tax free?

>> No.16403831

>>16403818
Daily reminder that is if you don’t have other income exceeding 39k.
Dumbass

>> No.16403832

>>16403828
Yep. As of 2019 you owe zero taxes if you haven’t made over 39k

>> No.16403837

>>16403831
Wrong. Capital gains tax =\= income tax.

Also you can add your capital losses to the 39k amount

>> No.16403852

Also, you can get a nice tax return the year after on your capital gains tax you pay the year prior

>> No.16403880

>>16403837
I’m a tax attorney.
Zero tax rate is based on the sum of income from ALL sources. Salaries and capital gains. Unless you make less than 39k a year you won’t pay zero.
But I’m sure 12 year old zoomer neets are right too.
Faggot.

>> No.16403883

>being taxed on fake money
lmfao the absolute state

>> No.16403890

this is just to get NEETs to be more likely to report their shitty gains so if they make more next year the IRS already has them on file lol

>> No.16403927

>>16403880
Holy shit you’re retarded AND a larp. Capital gains is completely separate from income tax they have nothing to do with eachother. I confirmed this with an actual tax attorney

>> No.16403975

Oh one more thing, under the 2019 capital gains tax law you have to hold for at least 1 year and 1 day to qualify for 0% tax under 39k profit

>> No.16403993
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16403993

>>16403927
No you are fucking retarded. Yes there are separate tax rates you fucking zoomer sack of shit, but to determine your capital gains tax bracket you take income from ALL sources, holy fuck you are a fucking idiot.
You did not ask a tax attorney because you are 12 years old and work at mcdonalds. Suck a fucking dick.
God damn I hate these pieces of shit. So fucking autistic and retarded.

>> No.16404029

>>16403837
You're wrong.
>>16403880
He's correct.

You have to count all income, interest, dividend, capital gains and that has to be under $39k

OP is a retard

>> No.16404057
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16404057

>>16403818
Even on crypto to crypto tax?

>> No.16404069
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16404069

>>16403818
dont forget about the standard deduction, i think it's 12k?. so basically is you make 51k, you are allowed to deduct 12k, which leaves you with 39k that is taxable

>> No.16404076

>>16403993
>>16404029
>>16403975
>>16403880
Can you answer this please? >>16404057

>> No.16404078
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16404078

>>16403880
you are correct sir. op is probably a zoomer faggot that makes less than 39k aggregate

>> No.16404088
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16404088

>>16404057
>>16404076
yes, god, you are impatient, you dont need to make a second post 3 min later

>> No.16404092

>>16404057
Crypto to crypto is capital gains. I'll say it one more time OP is a fucking 12 year old dumbass faggot who works at McDonalds and doesn't know shit.
God damn the quality of this board is absolute garbage.
Imagine just resorting to the words, "Larp", when someone proves you wrong. Holy shit zoomers are fucked. So weak and whimpy

>> No.16404106

>>16404088
>>16404092
thanks and fuck u OP

>> No.16404136
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16404136

>>16403880
>>16404088
>>16404092
Wait is this true? >>16403975
>you have to hold for at least 1 year and 1 day to qualify for 0% tax under 39k profit

>> No.16404148
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16404148

>>16404136
yes, dear

>> No.16404152

>>16404148
god dammit

>> No.16404155
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16404155

>>16403818
>get one digit wrong on your tax return
>spend 350 years in federal prison
>your dog gets shot by an obese cop

OH SAY CAN YOU SEE

>> No.16404254 [DELETED] 
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16404254

>>16403818
>*inhales*
LAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAND OF THE FREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE HAHAHAHHHHAHAHAHAHAHAAHAHAHAH

>> No.16404316

>imagine not having 5 kids to get tax credits to offset crypto gains.
>"honey i'm cashing out...i want you to make twins this time...."