> longterm hodler sells
> creates taxable event
> successfully swings and add 10% to his stack
> realizes he has to pay more in tax than he made swinging
> forced to sell more linkies than if he had just held
reeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Swingers Get Taxed
Justin Lee
Connor Sanders
Kek
Sebastian Ward
Swinging can be a major mistake from the tax standpoint esp if you swing after holding for over a year. Lot of people did that lot of people gonna get fucked. Let’s say you made 500k in profit and swing. Then you buy back in and the end of the year there is no change in link price. Now you pay tax on 500k profit. Then jan2 link dies and goes to 0. The following year you will only be able to write off 3k. Your majorly majorly fucked. Never fucking swing if you are in long term cap gains or after major profit.
Grayson Myers
Is this really how it works? Sounds pretty crazy desu
Grayson Adams
The way you overcome this is you hold that money aside for taxes. None of you will tho but if you don’t then you’ll be going to jail most likely so be careful and do not fucking swing.
Wyatt Jackson
thats based on the assumption that the price of Link won't go up anymore this year. also kys, I made nice 500% gains in single day with my short turned to longs play with Link.
Ryan Clark
enjoy the tax man
Elijah Morgan
Read the 3rd post better hope it keeps going up bro. Do not swing
Oliver Barnes
Literally this simple. The most degenerate behavior possible is putting the tax liability back into a literal card flip asset that can and historically will loose 99% of its value.
Joseph Cruz
you do realize that I make nice gains even after taxes? imagine being so scared of tax man that you don't want to make a living.