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You do pay taxes on realized gains, but they are realized when you sell the asset, not then you "cash out", and it makes perfect sense. There are many true hor
by swinglock 4y ago
You do pay taxes on realized gains, but they are realized when you sell the asset, not then you "cash out", and it makes perfect sense.
There are many true horror stories of amateur traders going from in the green to losing more than they own.
I don't know any place where what you describe is legal.
If this is your strategy (as in method to cheat with taxes) now is probably a good time to calculate how much you owe and put that aside into something less volatile, not to accidentally ruin your life.