Website Showing How Much People Lost with Celsius Now Live

Re:Website Showing How Much People Lost with Celsius Now Live by syrrim on Monday October 10, 2022 @02:38PM (#33154956)

You aren't covering losses, you're failing to tax gains that didn't materialize. If I fail to get a job, you don't tax me for the income from a job I might have had. This is true even if my reason for not getting the job is really stupid.

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Re:Website Showing How Much People Lost with Celsius Now Live by ac29 on Monday October 10, 2022 @02:53PM (#33155120)

This isnt right because capital losses count against capital gains. So, taking a loss allows you to not pay taxes on an equal amount of gains that you would've been taxed on otherwise.

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Re:Website Showing How Much People Lost with Celsius Now Live by syrrim on Monday October 10, 2022 @03:16PM (#33155356)

Overall you gained nothing though.

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Re:Website Showing How Much People Lost with Celsius Now Live by afiori on Thursday October 13, 2022 @01:59AM (#33187750)

If I give you a million dollar and then steal it back a day later, I feel like you should not pay taxes on it.

Same thing if I give you a million dollar, you buy expensive X thing but the seller goes bankrupt and never delivers anything.

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Re:Website Showing How Much People Lost with Celsius Now Live by cbsmith on Monday October 10, 2022 @06:12PM (#33156995)

> If I fail to get a job, you don't tax me for the income from a job I might have had.

Yet.

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Re:Website Showing How Much People Lost with Celsius Now Live by RC_ITR on Monday October 10, 2022 @07:38PM (#33157665)

Everyone here is confused.

You only ever got to write off you cost basis but you cannot if the cost is stolen.

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