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/biz/ - Business & Finance

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53052821 No.53052821 [Reply] [Original]

>> No.53052843

>>53052821
OP is a faggot

>> No.53052846

Tax loss harvesting. Net buy.

>> No.53052912

>>53052846
Can someone spoon feed me about taxes on investments in Dec and Jan?

Airplane noises would be nice but no required.

>> No.53052980
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53052980

>>53052821

>> No.53052998

>>53052821
bottom signal

>> No.53053280

>>53052821
what's their average buy-in?

>> No.53053403

>>53052912
You sell the calendar year at a loss to offset the taxes you would pay on gains.

>> No.53053429

>>53053403
what gains? kek

>> No.53053482
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53053482

>>53052846
>>53053403
you need gains for that

>> No.53053486

>>53053429
they have other stuff going on than bitcoin, their website lists visa, porsche, US homeland security and pfizer as enterprise partners

>> No.53053523

>>53052846
I sold 150k of qqq today and bought tqqq for tax loss harvesting and eliminating opportunity cost. I feel like 1000 IQ

>> No.53053553

>>53052846
Yep and Op is faggot

>> No.53053887

>>53053403
Holy fucking shit you just blew my mind.

>> No.53054248

>>53053523
>>53053887
Do you even read how to pay capital gains tax or are you people retarded?? >>53053403
This is common knowledge.

>> No.53054263
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53054263

>>53052821
This guy is fake news, retard. They sold for tax purposes and then ended up buying even more. Kys, you won't be missed. No one loves you

>> No.53054279

>>53054263
This.
Saylor bought another 2,500 BTC.

>> No.53054833
File: 87 KB, 424x458, OP.jpg [View same] [iqdb] [saucenao] [google]
53054833

>>53052821
OH MY GOD 704 BITCOINERINOS OH NO NO NO ITS OVER GUYS I SOLDED MY BAGS! BETTER TO BUY LEGOS AND SOME FUNKOS

>> No.53055245

>>53054248
I sold qqq for a loss because I made 60k in gains this year. I captured the loss to offset the gain.

>> No.53055369

>>53053887
its not that great for us poorfucks because we gamble with microcaps. ie
>invest 5k into x token
>goes down 90%
>$500 or whatever
>sell before the new year (4.5k tax deductible loss)
>x token moons 100x, now worth 500k or whatever
>495k liable for taxation
>saved myself 4.5k, great.

>> No.53055385

>>53055369
How are you liable for gains on something that only went up after you sold anon

>> No.53055421

Tax loss harvesting is a scam to get you to report your holdings. Don’t pay your taxes. They will use the money on Ukraine and social media propaganda. Fuck the IRS. Fuck the FED. OCCUPY WALLSTREET.

>> No.53055446

>>53054279
Wouldnt that be wash sale and not count?

>> No.53055458

>>53055421
Based.

>> No.53055486

>>53053523
Nice! I think that's technically a wash sale violation because your underlying exposure is the same but fuck em IRS retards won't ever catch that

>> No.53055496

>>53055446
Wash sale rules dont apply to crypto in the USA currently. I'm sure it will after the round of regulation that's coming next year though

>> No.53055589

>>53055486
It’s debatable since it’s not substantially the same. I.e tqqq is a bunch of futures contracts based on the nasdaq, qqq are the actual consituiants and they do not move the same percentage wise. There’s a good discussion on bogleheads about it.

But yeah fuck em, as long as my broker doesn’t count it as a wash sale the reporting shouldn’t be fucked.

>> No.53055987

>>53053403
>2022
>gains
pick one

>> No.53056272

>>53055385
you buy back your position after selling at a loss.

>> No.53056297

its ok mike just needs some coke money

>> No.53056759
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53056759

>>53053403
wait is this a valid strategy? where the fuck are the gains? I need more than vinu to pay rent

>> No.53056942

>>53052821
urgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgayurgay

>> No.53057244

>>53053280
Around 30k

>> No.53057351

>>53052821
They sold 704 and bought 810 only 2 days later:

https://saylortracker.com/

>> No.53058264
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53058264

>>53052912
It's the end of 2022. Keklord has had profitable trades for the year and owes $XXX in taxes. To offset what he has to pay in these taxes, if he is a smart chad he sells other assets of his that will result in a loss for the year, this means he bought them for say $5 but sold them for $2.5. Ideally, the loss from the $5 to $2.5 trade completely offsets the $XXX amount he owes for his profits, resulting in keklord paying $0 for taxes. Best part is that he simply buys back the asset he sold for $2.5, only downside being that he has to hold for longer than a year otherwise get hit for %40+ capital gains when it is time to dump on that.

>> No.53058282
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53058282

>>53052821
why jannies arent not deleting this scammer screencaping himself