if you're unemployed and have made less than 40,000 with capital gains, are you required to file/pay taxes?
Question
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49% because you gotta pay social security and income taxes/state
You're absolutely fucked beyond hope and will spend 18-49 years in a maximum security prison.
real answers only please.
Nah he's right anon, the government doesn't like you and what you're doing.
Think of yourself as a black slave running off a plantation.
Yes.
If you're a day trader it counts as "business income" so youll have to file taxes if you made more than 13g in a year, the same as if you had a job.
If you're not a day trader, no clue, never seen anyone get charged by the irs for it, but I'd imagine they wouldn't get very much return on investment for persecuting poorfags along blurry legal precedents.
Yes. Next question.
yes. go use the calculator and prove it to yourself
https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates
It literally says on that link that there are 0 taxes on anything less than 40 grand.
you see the part where it says
>Short-term capital gains are taxed as ordinary income according to federal income tax brackets.
There's your answer
so unless you've held for more than a year you will have to pay taxes
Just buy a gun and don’t open your door for glownaggers. The US will collapse before they come to collect.
Well you heard it here, OP. Just never sell and you're golden.
yes
Imagine still paying taxes!
Lmao
LOL
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you have to file even if you took a loss. filing is mandatory.
You owe no taxes below 40k, also, use 0xMonero and use a DEX next time.
that's only if you hold for a year or more
Thank you everyone for your responses..
Oh course but the tax you pay probably won't be that much.