PebHmong Discussion Forum
Life & Living => Money & Investment => Topic started by: hmgROCK on October 23, 2021, 08:10:57 AM
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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.
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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
;D ;D ;D ;D
<<<<<< EX ACCOUNTANT
MAX OUT YOUR $6000 ROTH IRA TAX FREE ACCOUNT
uncle sam don't anything in there
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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
;D ;D ;D O0 O0
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.
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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,
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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. ;D ;D
Again, go look up wash sale rule.
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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. ;D ;D
Again, go look up wash sale rule.
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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
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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.
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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
:2funny: :2funny: :2funny: :2funny:
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...
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like VillainousHero says
you only lose when you sell it at a lost
;D ;D ;D
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.
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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.
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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 ;D ;D ;D
i saw a BUY on day 1..another BUY on day 2
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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 ;D ;D ;D
i saw a BUY on day 1..another BUY on day 2
Because you can not connect the dots, get your head examined already.
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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
;D ;D ;D ;D
You don't actually lose any money when it's all digital graphed. You only actually lose when you sell it at a lost.
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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.
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Connect to this.
AGAIN
i connect it to your story
that YOU WROTE
GO AHEAD AND FINISH YOUR STORY
since you are soo BUTTHURT :2funny: :2funny: :2funny:
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...
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I didn’t want to say you’re stupid but I guessed you genuinely are.
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I didn’t want to say you’re stupid but I guessed you genuinely are.
i genuinely feel sorry for you brother
this is what you describe
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...
HE WOULD NOT BE HOOK FOR ANYTHING
BECAUSE HE HASN'T SOLD ANYTHING
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.
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(https://i.imgur.com/tPzbe61.png)
You understood it that way because you have shyt for brain. Keep making threads about me because you know you secretly worship me. ;D ;D
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Two different stories there bud
BIG BRAINS INDEED
Go ahead and finish your story
Day 7 he down to $10k
Day 8
Day 9
Again your story.. he hasn’t sold anything
DUMA STORY THE DUDE GETS LUCKY EVERY DAY
(https://i.imgur.com/tPzbe61.png)
You understood it that way because you have shyt for brain. Keep making threads about me because you know you secretly worship me. ;D ;D
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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.
How does he throw the full 100k in the market if it is still in the market? I know you want to just disproved of me one time but you can’t because you have shyt for brain.
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YES, THAT GUY does HAVE "shyt for brain" and has been like that for "YEARRRSSS" now... ;D
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How does he throw the full 100k in the market if it is still in the market? I know you want to just disproved of me one time but you can’t because you have shyt for brain.
he probably threw in another $100k cuz he is the son of a rich white meeka
i don't know
it's your story man
the way you tell it...
it just stock moving up and down daily
you don't pay tax unless you sell... expect dividend and interest...etc ....
:2funny: :2funny:
TRUST ME DUDE
I'VE BEEN PLAYING THIS GAME FOR A LOOOOONG TIME
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he probably threw in another $100k cuz he is the son of a rich white meeka
i don't know
it's your story man
the way you tell it...
it just stock moving up and down daily
you don't pay tax unless you sell... expect dividend and interest...etc ....
:2funny: :2funny:
TRUST ME DUDE
I'VE BEEN PLAYING THIS GAME FOR A LOOOOONG TIME
Where in my paragraph do you see another 100k? Exactly why I said you have shyt for brain.
You sure are stupid for someone claiming to be in the market for a long time.
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“ The next day, he’s throwing in the full 100k”
Rich ass white meeka
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“ The next day, he’s throwing in the full 100k”
Rich ass white meeka
The next day, he’s throwing in the full(initial 10k+90k he made on first day) 100k. Where did it say another 100k? Why does he need to throw it in the market if it’s already in there? Keep at it, you’ll eventually get it and throw away the fool’s cap.
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The next day, he’s throwing in the full(initial 10k+90k he made on first day) 100k. Where did it say another 100k? Why does he need to throw it in the market if it’s already in there? Keep at it, you’ll eventually get it and throw away the fool’s cap.
it's your story dude
tell us why he is throwing in the full $100k on the 2nd day
is he a rich meeka kid with $300k
and rich ass daddy who give him money
IT YOUR STORY MAN
THE WAY YOU TELL IT
it just unrealized gain/losses to me
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I was talking to dumas but you took it upon yourself to dedicate a whole thread to me. You want to prove me wrong so badly then do it.
For someone who claimed to be trading for so long, you sure say stupid things like capital gains and losses will cancel out. There are variables at play, fool.
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I was talking to dumas but you took it upon yourself to dedicate a whole thread to me. You want to prove me wrong so badly then do it.
For someone who claimed to be trading for so long, you sure say stupid things like capital gains and losses will cancel out. There are variables at play, fool.
bro...
you really need to go back to ESL/ELL class
his story about finding that perfect stock that goes up 1000% every single day. for 52 week $24 million
your story is about is about a dude who throwing in money and watching his stock goes up and down every day
two different completely story
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I was talking to dumas but you took it upon yourself to dedicate a whole thread to me. You want to prove me wrong so badly then do it.
For someone who claimed to be trading for so long, you sure say stupid things like capital gains and losses will cancel out. There are variables at play, fool.
This.
Said I’ll teach you basic English but a dumb ass can’t see that he needs improvement so stay a dumb ass. When you text, write, or speak to others, you’ll still be a dumb ass.
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This.
Said I’ll teach you basic English but a dumb ass can’t see that he needs improvement so stay a dumb ass. When you text, write, or speak to others, you’ll still be a dumb ass.
Covid has make you brain dead
Those are two different story
One end up with $23 million
One end up with less than $10k
And here you are
Trying to teach me English
Lol ;D ;D
GO BACK TO ESL!!!
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It’s two different stories. Stay stupid.
For someone who claimed to be trading for so long, you sure say stupid things like capital gains and losses will cancel out. There are variables at play, stay stupid.
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Stay stupid. There are variables at play, stay stupid.
YES, he WILL continue to stay...as he's been at that "stupid" level for "YEARRRSSS" now.. ;D
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It’s two different stories. Stay stupid.
For someone who claimed to be trading for so long, you sure say stupid things like capital gains and losses will cancel out. There are variables at play, stay stupid.
Yea dude
I used to do accounting work... bro
Its how amazon pay zero tax...
They cancel their profit with their losses
Losses in stock, investment, depreciation, etc...
For someone who claim to be smart
You don’t even know what YTD is
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I used to do accounting work...
;D ;D ;D ;D ;D
Doesn't even know what 1 + 2 equals and even challenged others to go "reread" his LIES:
i'm in for another 2 share at $56
C'MON LET'S GO!@!!!
VS.
1 share.....
Go reread my post
Im say im in for one share
To buy alcohol
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What did you specifically do at the accounting firm?
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What did you specifically do at the accounting firm?
i do bookkeeping
big company like amazon have really good accountant
where they itemized and depreciation everything to the ground where they owe $0 tax
;D ;D ;D
hahaha
if they make $500 billion profit...
they going find $500 billion in loses somewhere
to cancel it out
hahahah THAT'S JUST THE GAME MAN
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i do bookkeeping
big company like amazon have really good accountant
where they itemized and depreciation everything to the ground where they owe $0 tax
;D ;D ;D
hahaha
if they make $500 billion profit...
they going find $500 billion in loses somewhere
to cancel it out
hahahah THAT'S JUST THE GAME MAN
Then you should know exactly what you can not deduct from stock capital losses. Name them.
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Then you should know exactly what you can not deduct from stock capital losses. Name them.
I already know what you trying to say
You trying to say something along the 30 days wash trade rule
But again
In the story that you told
That you made up
YOUR STORY...
Its just a dude throwing money in and watching his stock moved up and down
Its just unrealiz gain/loss
;D ;D ;D
Maybe you want to finish your story???
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I already know what you trying to say
You trying to say something along the 30 days wash trade rule
But again
In the story that you told
That you made up
YOUR STORY...
Its just a dude throwing money in and watching his stock moved up and down
Its just unrealiz gain/loss
;D ;D ;D
Maybe you want to finish your story???
I thought you said you were an ex-bookkeeper and a current tax professional, you can only name one? You only got the wash sale rule because of me. Guess you didn’t learn much in the ways of accounting and taxes, google away.
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I thought you said you were an ex-bookkeeper and a current tax professional, you can only name one? You only got the wash sale rule because of me. Guess you didn’t learn much in the ways of accounting and taxes, google away.
Its your STORY...
I don’t want to ruin it
Go ahead and finish it
All i see is a dude watching his stock moved up and down
I like duma story better
His story, the dude find 1000% every day and makes $100k every day
$23 million in one year
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You’re not even a rookie, you know nothing about bookkeeping or tax laws.
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Yea dude
I used to do accounting work... bro
Its how amazon pay zero tax...
They cancel their profit with their losses
Losses in stock, investment, depreciation, etc...
For someone who claim to be smart
You don’t even know what YTD is
Used to? Thought that WAS what you do.
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You’re not even a rookie, you know nothing about bookkeeping or tax laws.
Agree..
He still believes "THERE'S NO SUCH THING AS STOCK MARKET INDEX"... ;D
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I thought you said you were an ex-bookkeeper and a current tax professional, you can only name one? You only got the wash sale rule because of me. Guess you didn’t learn much in the ways of accounting and taxes, google away.
What r u smoking???
Are we doing a new story or something???
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i do bookkeeping
TRUST ME
I DO TAX EVERY YEAR
This ;D ;D
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CAUGHT lying red-handed (AGAIN)..
THAT GUY just can't learn but then has no problem crying "PH is ganging up on me" when it's his own fault for being an idiot in the first place...;D ;D ;D
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Oh don’t go hanging yourself
Its just money
You can always make more if you like
LOYALTY AND LOVE IS WAYYYY MORE IMPORTANT
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Oh don’t go hanging yourself
Its just money
You can always make more if you like
LOYALTY AND LOVE IS WAYYYY MORE IMPORTANT
CRAZY.....
almost -$300k down the drain
i will probably be on suicide watch if i lose this much
You’re the dumb ass that said you’ll be on suicide watch
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Don’t go hanging yourself
Cuz you think you own uncle 7 figure tax
;D ;D
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Oh don’t go hanging yourself
Its just money
You can always make more if you like
LOYALTY AND LOVE IS WAYYYY MORE IMPORTANT
CRAZY.....
almost -$300k down the drain
i will probably be on suicide watch if i lose this much
You’re the dumb ass that said you’ll be on suicide watch. This again
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Don’t want you guys to die man
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Oh don’t go hanging yourself
Its just money
You can always make more if you like
LOYALTY AND LOVE IS WAYYYY MORE IMPORTANT
CRAZY.....
almost -$300k down the drain
i will probably be on suicide watch if i lose this much
You’re the dumb ass that said you’ll be on suicide watch. This again and again
Why you want to die, it’s just paper or numbers on a screen?
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He would not owe uncle sam 7 figure tax
Because according to your story
He never sold
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You’re the dumb ass that said you’ll be on suicide watch. This again and again
Why you want to die, it’s just paper or numbers on a screen?
This!