Make $100k in crypto

>make $100k in crypto
>lose it all gambling shitcoins
>still owe taxes

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You only have to pay tax on capital gains, if your coin drops 99% of value, just trade it for something else and that loss negates any gains you made.

The only way that can happen I believe is if you make a huge a loss and dont trade them again before the end of the financial year.

based albert

There you go

this.
also going to add, if you are a good boy and pay your taxes quarterly instead of just once a year, even if you paid in an earlier quarter, as long as you claim your losses in the same year, you will get a tax refund on what you previously paid

PS2 > PS3 = PS1 > PS4

yes

albert, I kneel...

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Based, I'm down a grand in crypto and up a few in stonks.
Also don't forget, no fucking Medicare or social security taxes on capital gains aka "unearned" income either.
We're all gonna somewhat make it

based albert, thx for paying my 150k salary at sony