My capital gains from crypto in 2017 were 40,001. My accountant says i owe 10k to federal and 2k to state. Does that sound right?
My capital gains from crypto in 2017 were 40,001. My accountant says i owe 10k to federal and 2k to state...
Adrian Reed
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Joseph Russell
Buy 0xBTC tax bitch
Cooper Hall
>reporting crypto gains
Owen Gutierrez
He's just trying to screw you. If you owed taxes, you would have had to pay them months ago. He's just going to pocket your cash and not report your crypto gains.
Wyatt Gonzalez
Yup, sounds about right.
Dylan Mitchell
She request an extension because she never had to deal with crypto before
Thanks
Noah Scott
LAAAANND OF THE FREEEEEEEEEEE
Angel Morris
Its a lot but i cashed out a good amount. I would rather pay taxes than go to jail
Blake Rogers
Yup sounds right. You are in the 22% bracket b/c of short terms gains.
fool.com
40000*0.22= 8800 tax federal
40000-8800= 31200
31200*state tax rate = 1200
31200-1200 = 30000 profit
Your state tax rate might be 3.845%
State tax rate depends on your state you pay it after you subtract federal rate from you gains. Florida has state gains tax, if you lived there you would not have to pay that extra 1200.
Brandon Perry
>she
You're paying too much tax and too much for your accountant.
Jacob Clark
My ex girlfriend looks like this chick and let me tell you folks, that saying "No matter how good looking a bitch is, someone somewhere is sick of fucking her" is 100% factually correct
Benjamin Gonzalez
mine was 72k/12k, i did all the accounting myself
about 15% effective rate, no state tax.
accountants are grifters. they don't have any real incentive to get the best deal for you, but maximize their number of clients. they know you haven't got a clue because you are too stupid to do a proper financial accounting for your assets
Ian Harris
Yea but i cant deduct anything because i still love at home with no expenses or purchases that allow deductions
Kevin Stewart
Thanks acct bro
Adam Clark
tell them to fuck right off forever
Liam Lewis
***Florida has no state gains tax.
Kevin Sanders
Yea, I'm having to pay a total of 26k on 80k.
Short term drives your entire tax classification up
Luis Moore
>LAAAANND OF THE REEEEEEEEEEE
Caleb Wilson
>Buy 0xBTC tax bitch
Don't you have a designated street to shit in? Take 0xbtc there. Biz hates you.
Carter Roberts
Are people still falling for the IRS meme? What has your state done to support you getting your crypto gains?
Gavin Moore
On mobile here. user do u really think they wont catch you?
Austin Brown
I would worship her feet
Ian Ross
Better pay your taxes. Be good goys. :)
Camden Gray
I also know this truth personally