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Just filed IRS tax return, owed $0 in taxes again
Poast new message in this thread
Date: March 22nd, 2024 6:12 AM Author: Drab Masturbator 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 |
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Date: March 22nd, 2024 6:40 AM Author: pearly theater degenerate Couldn’t you roll over the sailboat loss ? (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515219) |
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Date: March 22nd, 2024 7:10 AM Author: Drab Masturbator I dunno nigga I looked into it and didn't seem cld even deduct for date (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515249) |
Date: March 22nd, 2024 7:33 AM Author: Alcoholic dysfunction i owe $0 every year. i file in october and make an extension payment in april, so $0 is owed when i file. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515263) |
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Date: March 22nd, 2024 8:17 AM Author: Saffron rough-skinned market Congrats on ur substantial losses bro (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515303) |
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Date: March 22nd, 2024 8:20 AM Author: house-broken mustard garrison milk of the buy high sell low school? (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515306) |
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Date: March 22nd, 2024 8:28 AM Author: Drab Masturbator yes nigga but i dont sell usually so dont have realized gains, i keep track of what ive made so far so i never go above X limit where i'd start owing (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515318) |
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Date: March 22nd, 2024 10:31 AM Author: indigo goyim You can’t deduct crypto losses I’m pretty sure (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515598) |
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Date: March 22nd, 2024 10:32 AM Author: Drab Masturbator ???? lol BS, there's not even a wash rule so u cld just sell each year, rebuy immediately and take any loss that applied (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515604) |
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Date: March 22nd, 2024 10:34 AM Author: tripping hunting ground sneaky criminal CR don’t listen to this slack jawed bozo. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515610) |
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Date: March 22nd, 2024 10:36 AM Author: indigo goyim Sorry dude you’ve got a hell of a penalty coming your way if that’s the way you’ve been rolling (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515616) |
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Date: March 22nd, 2024 10:36 AM Author: Drab Masturbator rofl goy
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Date: March 22nd, 2024 10:37 AM Author: indigo goyim Sorry brother (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515627) |
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Date: March 22nd, 2024 10:38 AM Author: racy circlehead codepig 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. |
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Date: March 22nd, 2024 10:39 AM Author: indigo goyim Maybe but at least I’m not raising another man’s children IMO (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515638) |
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Date: March 22nd, 2024 10:40 AM Author: racy circlehead codepig they are my kids. the "other man" isn't even in the picture. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515647) |
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Date: March 22nd, 2024 10:42 AM Author: Hot charismatic senate mood You are the "other man." You're raising somebody else's genetic legacy while not having your own. Meanwhile he's out being a genetic winner without the burden of fatherhood. LJL @ u. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515653) |
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Date: March 22nd, 2024 10:34 AM Author: racy circlehead codepig Date: March 22nd, 2024 10:31 AM Author: MASE
You can’t deduct crypto losses I’m pretty sure |
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Date: March 22nd, 2024 10:43 AM Author: ultramarine violent business firm friendly grandma why would you not be able to deduct crypto losses? you're technically required to report income derived from illegal activity. capital losses can be anything. why would crypto be any different than MTG cards? (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515661) |
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Date: March 22nd, 2024 10:44 AM Author: indigo goyim I’m fucking around (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515668) |
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Date: March 22nd, 2024 10:46 AM Author: ultramarine violent business firm friendly grandma please be more respectful to the bort autists. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515676) |
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Date: March 22nd, 2024 11:02 AM Author: racy circlehead codepig if it was a "joke" what was the punchline and why is it funny? there certainly are nerdy tax jokes to be made.
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Date: March 22nd, 2024 10:59 AM Author: racy circlehead codepig no youre not. you were wrong and are now embarrassed and backtracking. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515709) |
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Date: March 22nd, 2024 11:03 AM Author: Saffron rough-skinned market Daaaaaaamn. Called out by the bort's most infamous midwit (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515715) |
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Date: March 22nd, 2024 11:04 AM Author: racy circlehead codepig the difference between MASE and me is that MASE actually thinks he's smart. I know i'm more or less of average intelligence. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515725) |
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Date: March 22nd, 2024 11:12 AM Author: Saffron rough-skinned market This is the smartest thing you've ever poasted. Congrats. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515759) |
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Date: March 22nd, 2024 11:13 AM Author: indigo goyim I don’t think I’m smart. You think I’m smart and it bothers you because you think I’m smarter than you. Who am I to disagree IMO (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515761) |
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Date: March 22nd, 2024 11:15 AM Author: Adventurous mildly autistic party of the first part You can deduct selling a Pokémon card for a lower price than you bought it for. I promise you can deduct crypto losses. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515776) |
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Date: March 22nd, 2024 11:17 AM Author: indigo goyim Do you deduct Pokémon cards regularly Anyway crypto gains are taxed but it doesn’t track losses. This is why crypto investing is retarded |
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Date: March 22nd, 2024 10:34 AM Author: ultramarine violent business firm friendly grandma if you own a small business there are so many ways to kike down your tax liability. it's 180. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515608) |
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Date: March 22nd, 2024 10:34 AM Author: Drab Masturbator yep when i was solo shit lolyer i paid super lower taxes compared to when i was a wage slave for joos (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515612) |
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Date: March 22nd, 2024 10:41 AM Author: ultramarine violent business firm friendly grandma this country is entirely funded by w2 wagecucks while their masters pay jack shit. and it's by design. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515652) |
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Date: March 22nd, 2024 10:49 AM Author: Drab Masturbator yep i tried to explain that to a wagecuck at my old firm but he cldnt fathom, its lolzy. i dont think anyone realizes this until they actually do their own business which only 10% whatever ppl ever do (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515684) |
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Date: March 22nd, 2024 10:54 AM Author: ultramarine violent business firm friendly grandma lawyers especially are risk adverse faggots.
in a similar vein, when people clutch their pearls about the irs going after people making under $100k most often, they often can't grasp the fact that it's *because* they've underreported their income so much that even the inept irs couldn't ignore it. they think they're talking about poormos but it's fucking contractors living in mcmansions claiming they made $30k. |
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Date: March 22nd, 2024 10:37 AM Author: Hot charismatic senate mood "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? |
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Date: March 22nd, 2024 10:41 AM Author: Drab Masturbator $1,771,720 in 18 years lol (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515651) |
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Date: March 22nd, 2024 11:00 AM Author: Hot charismatic senate mood You must be flaming. There's no way you possibly averaged a tick under $100K a year. You literally would have been better starting at Wal-Mart, by now you'd be a store manager making more than that and have your own little turd empire. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47515710) |
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Date: March 22nd, 2024 11:11 AM Author: Saffron rough-skinned market He hasn't worked in years so his income was from like 12 years, not 18. He had a decent sum of money when he "started" doing nothing but a series of predictably ruinous investment decision and fraud inflation have cut his purchasing power in half (or worse).
He's not a pauper yet, but wait two weeks... |
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Date: March 22nd, 2024 12:43 PM Author: Hot charismatic senate mood Thanks for the lore backstory (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47516179) |
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Date: March 22nd, 2024 11:15 AM Author: Drab Masturbator 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 |
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Date: March 22nd, 2024 12:43 PM Author: Hot charismatic senate mood Oh, okay, thanks for sharing that. It's obviously the secret to all the happiness and success you have in your life. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47516183) |
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Date: March 23rd, 2024 6:29 PM Author: Sapphire International Law Enforcement Agency Just finished my taxes. Paying in $21k this year. FML. (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47520212) |
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Date: April 8th, 2024 8:35 PM Author: spruce hall laser beams This was me every year recently but this one I get a prestigious refund YNY (http://www.autoadmit.com/thread.php?thread_id=5507352&forum_id=2#47566266) |