Suicide Time

Anybody else here kill themselves? I just lost my last stack on bitmex and I probably owe hundreds of thousands in taxes. Looking for some tips that will make it quick and easy. Thanks.

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Answered your own question bro pony up rope up or flee the jurisdiction

Unless you cashed out 400k+, you don’t owe hundreds of thousands in taxes. Do you realize your bad trades cancel out your profitable ones?

>owing taxes when you've lost all of your money

just write it off as losses you faggot

Not in America. You have to pay the fair value property to property tax on each trade as soon as you enter.. 28%.

Yes, you pay taxes on profitable trades. But you can claim losses on losing trades too. This is not rocket science.

Couldn't you kill yourself with a gun?

i lost $12,000 trading crypto last year and the IRS hit me with a bill of $32,000,000 because i had lots of trades. can't pay it so i'm facing 18 years in federal prison

crypto not even once

>Anybody else here kill themselves?
If they had, they wouldn't be here dumb dumb.

this has to be bait

>be January
>sell BAT at 90 cents
>buy back in at 80 cents
That's one. Now imagine doing that hundreds of times in January. Yes I am fucked.

Proof?

Did the guy sounds like a gay pajeet? You just got scamed (If not bait)

You have 4 days to sell your shitty BAT and claim the loss. Do it quick, retard.

LMAO you fucking idiots. You think I haven't been selling AT A LOSS all year? BAT stack is down to 50,000. It was at 333,000. I could claim losses for the next 50 years but it's only 3,000 a year.

This year's gains on paper are more than that. Coinbase sent their whatever the fuck form to the IRS earlier this year stating that I had made $11,000,000 worth of trades.

LMAO YOU FUCKING NAIVE FOOLS

It's over. OVER.

Sigh. Losses are not capped at 3k. That number is referring to using your losses to offset OTHER income, such as wagecucking tax. You can claim unlimited losses on your capital gains.

That’s enough free tax advice. If you want some more you gotta pay up. Fucking idiots.

>You can claim unlimited losses on your capital gains.
I don't think you understand.
>sell token at 90 cents
>now I need to pay taxes on that sale because I bought it at 17 cents
>dont pay the taxes
>buy back in at 80 cents
>it crashes to 12 cents (now)

I still owe the tax on that original sale at 90 cents.

Hang out with Sayori

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Just don’t worry about it. No one actually pays tax. It’s a myth.

Yes and you can deduct the loss of going from 80 to 12 if you sell

I killed myself last week, best choice I ever made

>fell for the report every trade meme

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