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/biz/ - Business & Finance


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26289665 No.26289665 [Reply] [Original]

how do you tax unrealized gains?

>> No.26289707

Do you want to go to jail for depriving blacks of their gibs?

>> No.26289715

> "Oh he bought some boomercoins?"
> TAXED

>> No.26289880

>>26289665
Let's say you buy 1,000 Rubic at $0.01 on 17/01/2021. On 21/01/2021 RBC is now worth $0.10. If you cashed out you would be receiving $10,000, so a $9,000 profit. Except you don't cash out, but whatever the price of RBC is at the time you fill out your taxes, the potential profit will be taxed, even if you keep holding. If RBC subsequently crashed back down to $0.01 then sorry, you were born with the wrong skin color. Pay reparations now.