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1. NBS (nbs@noagendasocial.com)'s status on Sunday, 16-Apr-2023 03:24:24 JST NBS

   Taxes filed, paid what I owed.

   Though I always owe and never get a refund, I did have a couple wins:

   While I made 16.4% in my personal investment portfolio, I was required to pay no tax on the gains. I sold then re-bought some Bitcoin in December to capture a realized loss to offset my gains in traditional investments. Wash sale rule doesn't apply to crypto, so it's allowed.

   I was also able to claim some depreciation in the LLC to help offset some of that income.

   Still... Fuck the IRS

   • radix023 (radix023@noagendasocial.com)'s status on Sunday, 16-Apr-2023 03:24:21 JST radix023

     in reply to

     • Disinformation Purveyor :verified_think:
     • Three-alist 🌲

     @threalist @NBS @thatguyoverthere if I get my deductions correct I write a check for < $1k. But my dad was a CPA

     Disinformation Purveyor :verified_think: likes this.
   • Three-alist 🌲 (threalist@social.fbxl.net)'s status on Sunday, 16-Apr-2023 03:24:23 JST Three-alist 🌲

     in reply to

     • Disinformation Purveyor :verified_think:
     • radix023
     You are technically correct, but for 99% of people taxes are incomprehensible, and it is difficult to plan for a thing you don't understand, so then therefore reasonable to set your deductions to be on the safe side.
     
     @thatguyoverthere
   • radix023 (radix023@noagendasocial.com)'s status on Sunday, 16-Apr-2023 03:24:24 JST radix023

     in reply to

     @NBS it's better to owe than give the Feds a free loan. ("I didn't owe taxes, I got money back!" <shakes head>)

   • NBS (nbs@noagendasocial.com)'s status on Sunday, 16-Apr-2023 03:24:54 JST NBS

     in reply to

     • Disinformation Purveyor :verified_think:
     • Three-alist 🌲
     • radix023

     @radix023 @threalist @thatguyoverthere

     Fair point, about taxes being incomprehensible. I majored in accounting and keep up on IRS publications relevant to my filing situation.

     Disinformation Purveyor :verified_think: likes this.