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/biz/ - Business & Finance


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21792962 No.21792962 [Reply] [Original]

Friendly reminder that if you report your crypto losses as capital losses on next years filing, you can carry them forward for 5 years to subtract from all other capital gains, thus reducing the amount that you have to pay taxes on
>inb4 glownigger
This post is for mentally stable adults only, schizos are kindly asked to fuck off to a different thread

>> No.21793004

>>21792962
so if i sold 9k link at 22 cents can I report a loss of 133,000 usd?

>> No.21793044
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21793044

>>21792962
To be fair, you have to have a very high IQ to understand how Chainlink works.
Its superiority is only hinted very subtle, and without a solid dose of advanced autism most of the Lambos will go over a typical /biz/tards head. There's also Sergey Nazarovas very nihilistic outlook, which is deftly woven into his characterisation, his personal philosophy draws heavily from /biz/ shitposting.
The real frens of course understand this; they have the intellectual capacity to truly appreciate the depths of this coin, to realize that it’s not just le funny memes. They know it also says something deep about the society we are living in.
As a consequence people who don’t trust Chainlink truly ARE idiots. Of course they wouldn't appreciate, for instance, the genius in Nazarovs iconic catchphrase
"Get in here faggot, we’re gonna make Crypto great again!"
which itself is a semi-cryptic reference to the amazing russian epic 'Crime and Punishment' or the struggle of life itself.
I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as Sergeys genius wit unfolds itself on their screens. What fools.. how I pity them.
And yes, by the way, i DO have my wallet QR Code tattooed.
And no, you cannot see it. It's for the ladies' eyes only- and even then they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand.

>> No.21793191

>>21793004
Yes, although doing so at this point would probably suggest foul play. The IRS does ask questions like "Why did you sell each token at 22 cents when it was worth $1000?" (assuming you sell at EOY)
This post was inspired by the nulinkers who bought the top and sold the dip. You can at least get the same % back of what you lost as you would pay in taxes, assuming they make gains at least equal to those losses.