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17144901 No.17144901 [Reply] [Original]

I swung almost my whole stack last July (all but my 10k suicide stack) and increased my linkies by 10%. If I'd waited a month longer I could have doubled it instead, but live and learn I guess. Unfortunately this was all on Cuckbase so they've got me on the hook for short term capital gains tax now. No point trying to evade, they've literally told the IRS already how much I owe already. About $60,000 in total.

It's not even a big deal to me, my net worth is $400k (almost all in LINK). But the thing is I didn't hold onto the $60,000 back in July, I rolled it all back into LINK. Now I'm just eyeballing this pump wondering when's the time to sell off enough LINKies to afford uncle sam's bill. I'd really prefer to wait til $6 so I only have to sell 10k or so which would be like 12% of my stack.

This makes me wonder if there are lots of other cuckbase retards out there in the same situation as me and whether LINK is going to see a lot of sell pressure between now and April as swingfag muttmarines finally capitulate in waves and sell parts of their stack to cover their tax liabilities.

>> No.17144973

>>17144901
always bought
never sold
eat my ass
swingers get the rope

>> No.17144990

I’ve never swung a link. I’ve got comfy long term capital gain taxes now.

>> No.17145712

>>17144901
You bought on cuckbase not chinance? Oh no no no

>> No.17145978

>>17144901
>pump wondering when's the time to sell off enough LINKies to afford uncle sam's bill.
I can smell your aids from here mate

>> No.17146023

I think wash trade doesnt apply to crypto sell part in july....wait until it hit near bottom...sold the rest and rebought a day later...take the capital loss credit

>> No.17146468

>>17144901

ALWAYS take taxes into consideration if you decide to swing. You would be more ahead if you just waited until you had long term cap gains. Sorry :(

>> No.17146484

>>17146468
imagine taking on huge risk and winning just to fork it all over to the govt LOL

>> No.17146645

>>17144901

With jews you lose, you should check out the Orion exchange when it launches on top of Orion Protocol. You basically hook in your own wallet without ever exposing your private keys and you get access to all connected exchanges and their liquidity. This legal loophole allows you to dodge all taxes and in addition to that, the protocol has an order splitting engine that does arbitrage for you. They're launching somewhere in Q2 so keep an eye out for it and save yourself that 60k in blood libel next year.

>> No.17146658

>>17144973
yeah, i'm thinking you are based

>> No.17146665

>>17144901
You only owe a percentage of that 10% gain, I can't imagine it was that much.

>> No.17147583

>>17144901

you probably got a 1099 which coinbase sent to you and the IRS showing you had a total gross proceeds of 60k

gross proceeds and reportable income on those proceeds are different.

trying use this service for your taxes.

https://www.cryptotrader.tax/