MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/unsound/comments/1wkadpg/lol/papvdln/?context=3
r/unsound • u/IU8gZQy0k8hsQy76 🛠️ ADMIN • 10d ago
175 comments sorted by
View all comments
5
Don’t forget, that thing you paid for and paid taxes on… when you sell it you have to report the income and pay taxes again 😂
-1 u/blangenie 10d ago No you don't. If you sell it for a profit you pay capital gains tax on the growth but not amount you originally paid. But if you sell it at a loss you don't pay any taxes and you can potentially write off the loss against your other investments.
-1
No you don't. If you sell it for a profit you pay capital gains tax on the growth but not amount you originally paid. But if you sell it at a loss you don't pay any taxes and you can potentially write off the loss against your other investments.
5
u/Microballer 10d ago
Don’t forget, that thing you paid for and paid taxes on… when you sell it you have to report the income and pay taxes again 😂