>be college student >use student loan money to invest

>>2682067
>cashing out
>paying taxes
What bullshit

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>>2682067
>living in burgerland
>pay exorbitant fees to attend 'college'
>strike crypto gold to pay for burger education
>get asshole torn open on taxes
>go to ameriburger hospital for anal repair
>pay the rest of gains for 'muh pharma'
>american doctor comes in to treat you
>pic related

>>2682067
How TF do you owe that much in tax? I haven't cashed out yet, but I'm getting around that shit somehow

>>2682339
Capital gains. Basically, if you take a risk and win, you owe the US government some money. On he flip side, if you take a risk and lose, you can take a capital loss on taxes and owe less overall.

It works both ways, so you can't be pissed when you make $50k on internet money and uncle sam wants his 15% or 20%.

>>2682372
>you can take a capital loss on taxes and owe less overall
Just 3k per year
If you lose 30k one year, you only get 3k "back" per year

>>2682067
>>2682170

> living in debtnation
> going crazy when paying taxes
> not raising voice when going into debt for basic education
^^ can't make this up

>>2682067
>cashing out
>ever

Most places will accept BTC in a few years anyway. No need to cash-out.

>>2682372
If you theoretically made 100k could you launder it and cash out with localbtc

>>2682447
https://www.fbi.gov/tips
thanks anon, we got ur ip

>>2682434
Or you can use a BitPay Visa card.

Anyone have any ideas on how to cash out your crypto in without paying US taxes? Maybe cashout in another country or something?

>>2682494
$10,000. after that you need to fill an IRS Form 1030 i think.

>>2682067

>Cashing out in debit

Find a local brokerage that handles cash transactions

Nice larp, but not how taxes work.

>>2682067
>>2682108
this. why anon? just.... why? you knew uncle sam wouldnt let your wealth live. shouldve got a Bitpay card and opened a Japanese bank account to put your gainz in if you really needed to use fiat. I thought about this only too late too tho with my money
>$4450 in refund money. all loans tho
>eth = $10
>over the next 4 months, price 40x
>$178,000 in opportunity costs alone
I'm in a bad financial and job market situation right now and this for the meantime could've given me financial stability and independence for 2-3 years, indefinitely through investing and trading. But i didnt and now i gotta try to short and jump on any upandcomer token coin that pops up on bittrex off of $300 and falling

>>2682170
you forgot the tip.

>>2682067
No student debt
Young

Pretty good for a retarded weakhand

So you used a small fraction of your loans and mooned, so now you only owe like 7k on loans instead of 48k? What's the problem here?