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$GRINDS EYE$
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<blockquote data-quote="SowiesoGroyp" data-source="post: 27450" data-attributes="member: 6"><p>[MEDIA=reddit]tax/comments/13yl6tw[/MEDIA]</p><p>the thing about this is... if you make multiple trades, technically you cashed out at your peak and then everything after that is just you losing your money. and you owe taxes on the cashout at ur peak even if you lose all your money after that. (cashout = converting to USD to swap coins)</p><p></p><p>the timing around december~january can randomly fuck you out of offsetting the gains with losses</p></blockquote><p></p>
[QUOTE="SowiesoGroyp, post: 27450, member: 6"] [MEDIA=reddit]tax/comments/13yl6tw[/MEDIA] the thing about this is... if you make multiple trades, technically you cashed out at your peak and then everything after that is just you losing your money. and you owe taxes on the cashout at ur peak even if you lose all your money after that. (cashout = converting to USD to swap coins) the timing around december~january can randomly fuck you out of offsetting the gains with losses [/QUOTE]
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