Just filed IRS tax return, owed $0 in taxes again
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Poast new message in this thread
Date: March 22nd, 2024 6:12 AM Author: alcoholic autistic locus
Only had about 5k in div income, 2k in interest, 17.5k in cap gains but then deducted my Wrapped Bitcoin (that FTX jew raped it) and also took loss on SAMO and some other coins.
Thought abt deducting for my SAILBOAT debacle but didnt have to
2nd year in a row owed no taxes, looking at my records seems I've paid a total of $18 in tax total in the last five years
In my life though I've paid 274k in taxes so furk these kikes, money goes to Israel and illegals
(http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515200) |
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Date: March 22nd, 2024 10:38 AM Author: Seedy white liquid oxygen
he's wrong.
Crypto trading is treated as capital gain(loss). If it's held short term, the loss can offset other short term cap gains. If it's held long term, it can offset long term cap gains.
Crypto trading is reported on your schedule D just like sales of stock or other capital assets.
MASE is literally retarded.
(http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515633) |
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Date: March 22nd, 2024 10:34 AM Author: Seedy white liquid oxygen
Date: March 22nd, 2024 10:31 AM
Author: MASE
You can’t deduct crypto losses I’m pretty sure
(http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515609) |
Date: March 22nd, 2024 10:37 AM Author: dun stubborn casino
"In my life though I've paid 274k in taxes"
So you made no money this year and have barely made any money in past years? There's no way you've gotten your lifetime tax liability that low even with "generous" deductions unless you're a fucking pauper. Your lifetime earnings are, what, maybe 1.5 million?
(http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515624) |
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Date: March 22nd, 2024 11:15 AM Author: alcoholic autistic locus
that incls 2L summer and first year post LS
and four years where i only made
73,444
20,001
20,906
23,340
and then last five years where only made
83,143
63,682
53,431
21,564
16,530
i had only four years as a SOLO where i really worked and made six figures, and four years for JEWS where i made six figures, so i only worked like 8y relaly in my life, jacked off the rest mostly
(http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515777) |
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