- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 6/12/17 at 5:56 pm to mb810
Posted on 6/12/17 at 5:56 pm to mb810
quote:
Are y'all not concerned with all the capital gains taxes you'll be paying for all these transactions?
So don't bother making money because you'll have to pay taxes on it?...........doesn't make sense
1
Posted on 6/12/17 at 5:57 pm to mb810
You can net gains against losses so not really a huge concern...unless I'm missing something.
Posted on 6/12/17 at 5:57 pm to mb810
quote:
Are y'all not concerned with all the capital gains taxes you'll be paying for all these transactions?
are you in the habit of not being honest on your tax returns or something?
Posted on 6/12/17 at 5:58 pm to kc8876
Just think they would start to get pretty considerable after enough transactions to not be worth it. But I also have no idea what rate they're taxed at
Posted on 6/12/17 at 6:00 pm to SpaceX
Why
Posted on 6/12/17 at 6:00 pm to mb810
quote:
Just think they would start to get pretty considerable after enough transactions to not be worth it. But I also have no idea what rate they're taxed at
Capital gains tax is in the 30% range. You keep 60 something percent of the money you make. What's the problem?
Posted on 6/12/17 at 6:01 pm to Deactived
quote:
the memes and gifs in telegram chats are fantastic right now
What's this?
Posted on 6/12/17 at 6:01 pm to mb810
At the same rate as your regular job pay. Do you not show up to work to make money because you're going to pay taxes on it?
Posted on 6/12/17 at 6:03 pm to PillPusher
My experience with taxes in general is pretty limited..I'm young so apologies if I'm coming off as ignorant
Posted on 6/12/17 at 6:04 pm to okietiger
Telegram app on your phone. Basically a list of chatrooms related to crypto talk. I posted a list a few pages back yesterday
Posted on 6/12/17 at 6:04 pm to mb810
That is one of the reasons why I haven't sold any coins yet. I don't want a third of my gains gone just yet
ETA: ANd I dont feel like tracking it
ETA: ANd I dont feel like tracking it
This post was edited on 6/12/17 at 6:06 pm
Posted on 6/12/17 at 6:07 pm to mb810
quote:
My experience with taxes in general is pretty limited..I'm young so apologies if I'm coming off as ignorant
No man, thats the point of the money talk. People helping people. Hang around people who want to make money and you'll make money.
Posted on 6/12/17 at 6:10 pm to Deactived
Can you link again? Can't find your post
Posted on 6/12/17 at 6:13 pm to okietiger
[te]
This post was edited on 2/8/18 at 12:47 am
Posted on 6/12/17 at 6:15 pm to PillPusher
This has been my first big investment. Feel like I'm getting spoiled into unrealistic expectations lol. This board has been a great resource for learning though.
Posted on 6/12/17 at 6:16 pm to mb810
generally, if you buy/sell within a year its 30% tax
if you hold for over a year its 15% tax
those numbers will vary depending on your income; since youre young, you might be a poverty trader, so your capital gain taxes are 0%
also mr trump is rumored to be eliminating the capital gains tax altogether.
just make an honest effort to do the tax report and you shoud be fine - my two pennies, not professional tax advice
if you hold for over a year its 15% tax
those numbers will vary depending on your income; since youre young, you might be a poverty trader, so your capital gain taxes are 0%
also mr trump is rumored to be eliminating the capital gains tax altogether.
just make an honest effort to do the tax report and you shoud be fine - my two pennies, not professional tax advice
Posted on 6/12/17 at 6:20 pm to The Boat
edit
This post was edited on 6/12/17 at 6:22 pm
Posted on 6/12/17 at 6:20 pm to rocket31
quote:
my two pennies, not professional tax advice
Do you say this because they aren't worth the cost or don't help that much? My best friend's mom is a CPA and usually does it pro bono. Of course that was when I was only making a little money during my internships in college.
Posted on 6/12/17 at 6:25 pm to mb810
(no message)
This post was edited on 12/18/17 at 9:24 pm
Posted on 6/12/17 at 6:32 pm to Deactived
I'm riding a PotCoin wave. I'm not even sure what it is
Page 217 of 2241
Popular
Back to top
Follow TigerDroppings for LSU Football News