par CALI-GUY comment about owning the IRS 7 figure tax.... its simple not true

[hmgROCK]

first of all...
you don't get tax if you don't sell your stock

second..
if it shrink back to $10k using that example
you still wont get tax because again
he hasn't sold anything

it's only when you sell that you get that tax
and in this case... because he lose soo much money 
he can claim this tax break for many many many years
Where he probably won't pay tax for the rest of his lifetime

DONALD TRUMP ANYONE?

I don’t think a person is that disciplined and just keep investing only 10k after making 90k initially. The next day, he’s throwing in the full 100k and by the 3rd day, his investment has grown to 7 figures. But by the 4th, 5th, and 6th day his investment has shrunk back to 10k or below it. If he doesn’t time it right, irs only sees him making that 7 figures and not a wash. Now he’s in the hook for 7 figures taxes. Ouch, just scenarios but watch out if buy and sell often. This is a genuine issue.

[hmgROCK]

you do get tax on your
stock dividend, CD, fixed income, regular saving account, and interest etc..... though

your bank will sen out interest tax letter to you to file

 


<<<<<< EX ACCOUNTANT


MAX OUT YOUR $6000 ROTH IRA TAX FREE ACCOUNT
uncle sam don't anything in there

[hmgROCK]

If he invest $10k and sold it make $1,000,000
Yes he would have to pay a tax on in that gain

And than.... a couple of days later after he sold
He rebought the stock back in at $1,000,000
Thinking it would go back up but it went down to $10k
He sold it for $1,000,000 lose

The gain from the first sold
and the loss from the second sold
Will just cancel each other out

 

I don’t think a person is that disciplined and just keep investing only 10k after making 90k initially. The next day, he’s throwing in the full 100k and by the 3rd day, his investment has grown to 7 figures. But by the 4th, 5th, and 6th day his investment has shrunk back to 10k or below it. If he doesn’t time it right, irs only sees him making that 7 figures and not a wash. Now he’s in the hook for 7 figures taxes. Ouch, just scenarios but watch out if buy and sell often. This is a genuine issue.

[theking]

What's "not true" is the LIAR the neutral PH members called out:

sh1t talker? this, I'll have to give you the winning prize. you're the biggest sh1t talker in here. of course you don't know,

[Cali Guy]

I don’t think a person is that disciplined and just keep investing only 10k after making 90k initially. The next day, he’s throwing in the full 100k and by the 3rd day, his investment has grown to 7 figures. But by the 4th, 5th, and 6th day his investment has shrunk back to 10k or below it. If he doesn’t time it right, irs only sees him making that 7 figures and not a wash. Now he’s in the hook for 7 figures taxes. Ouch, just scenarios but watch out if buy and sell often. This is a genuine issue.

Apparently, you only want to see what you want to see. You want to disprove of me so badly, stop lying. Bring facts. Facts will actually disprove your limited mind.

Big bold so you can see it clearer. 

Again, go look up wash sale rule.

[hmgROCK]

bro...

you don't even know what you talking about...
we are using the example you provided to us...
DON'T HATE

day 1: $10k grew to $90k
day 2.  he added another $100k to the $90k= $190k
day 3.  his investment grow to a 7 figure... $1,000,000  (use one million for easy math)
day 4.   his investment start shrinking back   $500k
day 5.  his investment start shrinking back.  $150k
day 6.  his investment shrink back to or below $10k
day 7. now his hook for 7 figure taxes...

NO HE HASN'T BECAUSE, HE HASN'T SELL ANYTHING DURING THIS TIME
if he sell at day 7... it would actually be a -$180k loss

I don’t think a person is that disciplined and just keep investing only 10k after making 90k initially. The next day, he’s throwing in the full 100k and by the 3rd day, his investment has grown to 7 figures. But by the 4th, 5th, and 6th day his investment has shrunk back to 10k or below it. If he doesn’t time it right, irs only sees him making that 7 figures and not a wash. Now he’s in the hook for 7 figures taxes. Ouch, just scenarios but watch out if buy and sell often. This is a genuine issue.

Apparently, you only want to see what you want to see. You want to disprove of me so badly, stop lying. Bring facts. Facts will actually disprove your limited mind.

Big bold so you can see it clearer. 

Again, go look up wash sale rule.

[hmgROCK]

the wash rule don't apply
because he hasn't sold anything!!!
common knowledge and from your example



day 1: $10k grew to $90k
day 2.  he added another $100k to the $90k= $190k
day 3.  his investment grow to a 7 figure... $1,000,000  (use one million for easy math)
day 4.   his investment start shrinking back   $500k
day 5.  his investment start shrinking back.  $150k
day 6.  his investment shrink back to or below $10k
day 7. now his hook for 7 figure taxes... ?  NOPE BECAUSE HE HASN'T SOLD ANYTHING... if he sell you will trigger tax loss

[Cali Guy]

bro...

you don't even know what you talking about...
we are using the example you provided to us...
DON'T HATE

day 1: $10k grew to $90k
day 2.  he added another $100k to the $90k= $190k
day 3.  his investment grow to a 7 figure... $1,000,000  (use one million for easy math)
day 4.   his investment start shrinking back   $500k
day 5.  his investment start shrinking back.  $150k
day 6.  his investment shrink back to or below $10k
day 7. now his hook for 7 figure taxes...

NO HE HASN'T BECAUSE, HE HASN'T SELL ANYTHING DURING THIS TIME
if he sell at day 7... it would actually be a -$180k loss

the wash rule don't apply
because he hasn't sold anything!!!
common knowledge and from your example



day 1: $10k grew to $90k
day 2.  he added another $100k to the $90k= $190k
day 3.  his investment grow to a 7 figure... $1,000,000  (use one million for easy math)
day 4.   his investment start shrinking back   $500k
day 5.  his investment start shrinking back.  $150k
day 6.  his investment shrink back to or below $10k
day 7. now his hook for 7 figure taxes... ?  NOPE BECAUSE HE HASN'T SOLD ANYTHING... if he sell you will trigger tax loss

How do you think he had 100k to invest in the next pop up? Used that big brain of yours.

Why do you think if buy and sell often was mentioned?  Connect the dots, it isn’t that ambiguous.

[hmgROCK]

How do you think he had 100k to invest in the next pop up? Used that big brain of yours.

Why do you think if buy and sell often was mentioned?  Connect the dots, it isn’t that ambiguous.

i buy and sell every single day... bro
plus the example you provided... the dude don't even sell at all

 

HE NEVER TRIGGER A WASH
BECAUSE


day 1: $10k grew to $90k
day 2.  he added another $100k to the $90k= $190k
day 3.  his investment grow to a 7 figure... $1,000,000  (use one million for easy math)
day 4.   his investment start shrinking back   $500k
day 5.  his investment start shrinking back.  $150k
day 6.  his investment shrink back to or below $10k
day 7. now his hook for 7 figure taxes...

[hmgROCK]

like VillainousHero  says
you only lose when you sell it at a lost

 

we all know expect you!!!!
i thought you had a college degree and highly educated
getting schooled by ROCKboy


we all that unrealized gain/loss

You don't actually lose any money when it's all digital graphed.  You only actually lose when you sell it at a lost.

[Cali Guy]

I don’t think a person is that disciplined and just keep investing only 10k after making 90k initially. The next day, he’s throwing in the full 100k and by the 3rd day, his investment has grown to 7 figures. But by the 4th, 5th, and 6th day his investment has shrunk back to 10k or below it. If he doesn’t time it right, irs only sees him making that 7 figures and not a wash. Now he’s in the hook for 7 figures taxes. Ouch, just scenarios but watch out if buy and sell often. This is a genuine issue.

Explain just the part in big bold.

[hmgROCK]

Explain just the part in big bold.

i buy and sell often
what you describe in YOUR EXAMPLE... NOT MINE
it's your example
that you make up

there was no selling
even on day 7

hahahahhaha

i saw a BUY on day 1..another BUY on day 2

[Cali Guy]

i buy and sell often
what you describe in YOUR EXAMPLE... NOT MINE
it's your example
that you make up

there was no selling
even on day 7

hahahahhaha

i saw a BUY on day 1..another BUY on day 2

Because you can not connect the dots, get your head examined already.

[hmgROCK]

YES... I CONNECT THE DOT FROM YOUR EXAMPLE THAT YOU WROTE!!!
there was no selling
there was two buy on day 1 and 2


you don't need to listen to me
listen to your other PH bros
it's like im talking to an idiot

I THOUGHT YOU ARE A HIGHLY EDUCATED 6 FIGURE INCOME
college degree
 

You don't actually lose any money when it's all digital graphed.  You only actually lose when you sell it at a lost.

[Cali Guy]

I don’t think a person is that disciplined and just keep investing only 10k after making 90k initially. The next day, he’s throwing in the full 100k and by the 3rd day, his investment has grown to 7 figures. But by the 4th, 5th, and 6th day his investment has shrunk back to 10k or below it. If he doesn’t time it right, irs only sees him making that 7 figures and not a wash. Now he’s in the hook for 7 figures taxes. Ouch, just scenarios but watch out if buy and sell often. This is a genuine issue.

Connect to this.