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Lots of talk about this being setup and a way to get out of taxes (which are apparently due tomorrow in the US). Any chance this could be the case?
by tomglynch 9y ago
Lots of talk about this being setup and a way to get out of taxes (which are apparently due tomorrow in the US). Any chance this could be the case?
- ebbv 9y agoDefinitely possible but kinda hard to know for sure.
- txsh 9y agoLosing money in 2018 would not affect 2017 income tax.
- AznHisoka 9y agoHow would this affect 2017 taxes though if it happened in 2018?
- csomar 9y agoAren't you taxed on money you lost?
- cpplinuxdude 9y agoNope. Offsetting losses is therefor a very commonly used loophole. Hence the speculation.
- toss1 9y agoTrue. He'd just better be very careful to have an explanation when he starts cashing in the 'lost' funds... or titrate them very slowly into his lifestyle. Tax Evasion is often caught not only by transactions, but by inexplicably high lifestyle.