/biz/ - Business & Finance

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Anonymous Thu Mar 15 18:57:31 2018 No.8367839 [Reply] [Original]

Last year I made 140K on crypto, but in the last two months I lost 100K. My accountant says I owe 50K in taxes.
What do I do? I didn't have any other income last year.

>>	Anonymous Thu Mar 15 19:03:05 2018 No.8367926 >>8367839 That's what you get for being a financial brainlet

>>	Anonymous Thu Mar 15 19:04:21 2018 No.8367948 >>8367839 >What do I do? Post more wojaks. That usually makes everything better

>>	Anonymous Thu Mar 15 19:04:52 2018 No.8367955 File: 6 KB, 320x224, s2-ehz-objectsimg2full.png [View same] [iqdb] [saucenao] [google] Buy zie dip!

>>	Anonymous Thu Mar 15 19:05:21 2018 No.8367965 Wait, isn’t this that reddit thread?

>>	Anonymous Thu Mar 15 19:06:12 2018 No.8367981 >>8367965 What?

>>	Anonymous Thu Mar 15 19:06:24 2018 No.8367989 >>8367839 https://en.wikipedia.org/wiki/Second_Amendment_to_the_United_States_Constitution

>>	Anonymous Thu Mar 15 19:07:44 2018 No.8368016 >>8367839 that makes no sense. How do you owe on a loss it doesn't work that way if you are a amerilard

>>	Anonymous Thu Mar 15 19:08:36 2018 No.8368033 >>8367981 https://www.reddit.com/r/personalfinance/comments/84huks/i_just_discovered_that_i_owe_the_irs_50k_that_i/

>>	Anonymous Thu Mar 15 19:08:42 2018 No.8368035 nothing, you’re fucked, cryptos are a scam

>>	Anonymous Thu Mar 15 19:10:04 2018 No.8368057 >>8368016 What is a tax year. FUcking brainlet.

>>	Anonymous Thu Mar 15 19:10:13 2018 No.8368058 File: 101 KB, 363x275, 1517866736941.png [View same] [iqdb] [saucenao] [google] >>8367948 I should have NEVER bought into this shit.

>>	Anonymous Thu Mar 15 19:11:23 2018 No.8368082 Get put on some bs structured payment by the irs and just wait til gains are back and cash out enough

>>	Anonymous Thu Mar 15 19:12:29 2018 No.8368095 File: 67 KB, 711x800, 1519169140904.jpg [View same] [iqdb] [saucenao] [google] >>8368016 what is a loss and gain. FUcking brainlet

>>	Anonymous Thu Mar 15 19:27:32 2018 No.8368329 Buying coins on centralized exchanges is a meme, especially in this market. Always invest in the next big thing, which as of now is decentralized investment smart-contracts p3d.trade

>>	Anonymous Thu Mar 15 19:28:32 2018 No.8368347 >being in this depressing market and not being invested in p3d.trade

Anonymous Thu Mar 15 19:30:29 2018 No.8368385

>>8367839
>made 140k at one point
>lost 100k later

So, basically, you saw December gains every day and decided to hold on for more? Greedy idiot, never hold forever, you always take out some gains. I dunno what to tell you, best of luck, but next time don't be so stupid

>>	Anonymous Thu Mar 15 19:33:47 2018 No.8368441 >>8367839 Who the fuck pays tax on unrealized gains/losses. Shit troll.

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