I made a lot of money in crypto this year, I want to move it into the stock market since inflation will continue, but how?

FED says there will be 3 interest hikes in 2022 and same next year

I don't think that'll stop the money printer though/inflation that's already started

If you sell its a taxable event. good luck.

IRS ...

they have to stop the printer and the inflation because it's canceling out the wage gains that lower-paid workers have made, they know the smell of revolution is in the air

I already sold the crypto, my crypto broker doesn't report to the IRS as that's on me to do if I want too.. but I know stocks are very much taxable

Don’t forget about the 35 to 40% in taxes

Enjoy your stay at club fed, knowitall hotshot.

Why would you not leave it in crypto? Its gonna be a better store of value and move with inflation just like stocks.. t some point the fed pulls the rug out from under the stock market ( probably the day the dollar dies) - and then your dollar denominated assets are worthless- the crypto is its own denomination

Crypto didnt do shit this year, aside from elons meme coin and meta crap.

this thread smells like a fishing op..

having said that, this government is illegitimate, so you dont have to pay taxes.

if you put the monkey in the bank then the feds already know about it. if you buy a bunch of stocks they will know about that too. if you don't declare it they will be able to figger out the mystery of you not declaring it. and they will ask you where you got it.

pull your finger out your monkeys ass first

Since when is making money a problem?

If I were you, I would have gifted a non-American friend or relative the funds when they were worth close to $0, and then have that friend or relative gift them back to me now that they are worth $107k.

Non-American gift givers do not owe gift taxes, and you as a gift recipient owe nothing either.

Do you have the crypto in private wallets or exchanges?

It may be too late now to avoid taxes - but know, taxes probably will go up next year and beyond, so maybe take the hit now?

Since when is making money a problem?

If I were you, I would have gifted a non-American friend or relative the funds when they were worth close to $0, and then have that friend or relative gift them back to me now that they are worth $107k.

Non-American gift givers do not owe gift taxes, and you as a gift recipient owe nothing either.

Do you have the crypto in private wallets or exchanges?

It may be too late now to avoid taxes - but know, taxes probably will go up next year and beyond, so maybe take the hit now?

Since when is making money a problem?

If I were you, I would have gifted a non-American friend or relative the funds when they were worth close to $0, and then have that friend or relative gift them back to me now that they are worth $107k.

Non-American gift givers do not owe gift taxes, and you as a gift recipient owe nothing either.

Do you have the crypto in private wallets or exchanges?

It may be too late now to avoid taxes - but know, taxes probably will go up next year and beyond, so maybe take the hit now?

time to offshore or discover the wonders of modern art

Sorry for the repeated reply - not intentional. The browser failed a few times and I had to hit refresh, and the site won't let me edit/delete duplicate posts.

That’s okay, from the sounds of it, he already stole other investor’s money. I’m sure someone alerted the right people about his sale so he can pay taxes.

You are going to pay capital gains unless you bought it in a retirement account...

Once you get a portfolio set up with a broker, you can move funds within the same company without realizing any capital gains taxes...

Last Edited by BRIEF on 12/29/2021 04:52 PM

Tell us why the stock market is where you want to put your money?

Yes, paying taxes sucks! But I'd rather pay the taxes and be able to sleep at night!

You can buy gold and silver with crypto. Stocks, I like Rocket Lab.

The first thing you do is post on a public forum while logged in, that way it keeps it all super secret. Then you read the replies and post about which one you like and which route you'll take. That way, the IRS will never know.

They tried hiking the interest rate a fraction of a point a few years ago and the economy almost imploded on the spot I wish them the best of luck with that...

al capone got busted for not paying taxes. you looking at 15-25% tax depending if u claim single joint and how much money u made in other ways. up to 40something percent if u made way more at your job or whatever. 100k aint shit just pay the tax. u dont wanna fuck w the irs trust me

So you want to diversify into real money huh?



Well they got you on that too.

1) Pay 20% X 107,000 of former crypto money (capital gains).

2) Invest the remaining $86,000 in the stock market and pay the capital gains on that + the brokerage fees, etc. etc.

i dont see what is funny. yea. u make money.. u pay taxes


…. hahahha how funny. wtf are u all children? yea there are broker fees…


damn is this nee to u all?

are you working? do you have other income?

if not you can move less than 40k a year without paying an arm and a leg in capital gains.

You're not going to be able to avoid paying taxes...

I know it sucks, but uncle sam is going to take his cut.

The whole government is corrupt.

Offer the irs agent that has your file ten grand to look the other way.