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  • LAVA Moderator: streaM Freak

the market: stocks, bonds, options, whatever

Whatever happened with their accounting drama and SMCI CPA leaving. Guess I gotta look that up and finally catch up from like 2 years ago
 
streaM Freak said:
Enlighten me, I legitimately know close to nothing about taxes
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Basically you should plan your tax avoidance which is different than doing tax evasion.

If you you have any capital gains from selling equities you need to pay tax on those gains.

If you have equities that have gone down in value you can sell them to offset your gains and avoid paying taxes on your gains and also get a bit of cash to invest somewhere more worthwhile.

If you don't have any gains you can use $3,000 of loses per year to offset your other income.
 
ions said:
I don't deal with more cash in a year than the standard deductible.
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Can use the $3,000 in losses against ordinary income even if using standard deduction. It's not an itemized thing
streaM Freak said:
Oh I was about to not file for webull. Dam ok word
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I've gotten away with not filing on capital gains in the past but it was extremely minimal. I wouldn't fuck around if you're in the thousands.
 
Good luck with pulling that off. Mine is automatically removed from P/L if a wash trade. I don't even know how I could cheat that besides just not filing taxes for that year and hoping it goes unnoticed
 
tax time is gonna be pretty bad for me, looking at using AI to do the summaries
 
The dollar is not gaining that much value. The elites are manipulating the markets to buy up at a low.
 
Bitcoin getting crushed too. Wonder what MSTR ceo will say after their earnings today
 
Could be a good bounce play around 58k where the 200 week moving average is, or just above that
 
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