Followers | 22 |
Posts | 2041 |
Boards Moderated | 0 |
Alias Born | 07/11/2008 |
Thursday, November 04, 2021 1:51:32 PM
If you buy $100 worth of Shiba and it is now worth $1,200 and you transfer the $1,200 to anything else you pay taxes on the gain from $100 and depending on how long you held it is either capital gains or standard. This is why I don't roll full winnings into other "risky" holdings as I am on the hook for the taxes....
If you are equal or negative you can follow the applicable loss rules to help you.
Do not buy and sell based soley on my comments and only invest what you can afford to lose. Good luck!!
I am not compensated in any way for my posts.
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