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/biz/ - Business & Finance

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24098906 No.24098906 [Reply] [Original]

I know that I could make more money swinging from crypto to crypto but I’m worried about the crypto to crypto tax. I already swung a few times but I think I’ve hit my limit. Am I making a mistake by not swinging biz?

>> No.24098931

Honestly, there were plenty of times when I wanted to go from BTC -> ETH. However, due to the fear of creating a taxable event I didn't bother.

>> No.24098943

the thrill from swinging is fun until its not. Go all into link and hold and you'll be good

>> No.24099192
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24099192

>>24098931
Right, I didn’t consider this until I discovered this case. Now I’m just holding, hoping I don’t get molly whopped when I “cash out” I’m honestly just going straight into sats I don’t care.

>>24098943
Sure, but isn’t it a forty percent tax on your gains? That’s highway robbery it’s fuckery at it’s worst. Also I have my little stack of link.