Yo! What's Goin' Down?
Yo! What's Goin' Down?
TBD
To Be Destroyed
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72 comments
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whos cashing all this out? and are they paying taxes on it? like how does it work? can you just move your assets/ close out on positions and immediately shove them into some compounding interest account but still capture all the profit, with no capital gain tax?
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Depends which country you live in. But in the US you’d still pay capital gains tax over it I reckon. Since it applies at the moment of the sale of an asset. Unless it’s a IRA or 401k then you pay income tax at withdrawal. Of course you pay the taxes end of year. So you can still put it in a savings account and receive interest on all the profits before you have to pay tax
If those stocks were held less than a year you pay income tax over all your short term trades total realized gains end of the year.
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If it's in a Roth, you don't pay tax on trades.
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IRAs and 401ks aren't taxes until you withdraw the money (and Roth IRA/401ks aren't taxed at withdraw cause contributions are taxed).
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Yes. I know how taxes work. I have a Roth, 401k, 403b, and a "for fun" investing account.
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It depends on whether you're rich enough to not pay taxes.
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Hopefully large institutions seeking stability.
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I’m fairly certain until you put the money in your bank account and out of your brokerage account. You can do whatever the hell you want, but I also don’t trade like that.
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72 comments