Recent content by baddaytrader

tried trading. if you want to call ti trading then that has certain tax implications, which would fix my problem. The IRS isn't letting me call it trading, they are calling it an investment. They want me to both pay the income from investment and restrict my loss to 3k when the investment went...

the stupid thing is the way I see it, if you want to call it a business as I treated it then the IRS should treat it as such as well, which would likely fix my problem. If the IRS doesn't want to call it a business then they should look at it in a realistic way, I my brokerage account earned...

Yes, you are correct and I even stated I know I fucked up and where I fucked up. that doesnt matter now and giving more thought to it wont fix anything. I need someone who can help with the IRS/tax problem.

your making the assumption that my situation is similar or the same as these other people. It is not. Im being forced to pay back money my savings earned, but lost my entire savings before I could pay back. it kind of logically doesnt make sense. I didn't buy a house, didnt go on some...

Due to my situation, this is the cheapest place I can find to live. I had a shitty ex girlfrined a few years ago who made some bogus statements that got me in some serious elgal trouble. almost no one will rent to me over it. My rent was 2600 a month, it took me 4 months to find the place I am...

Giving me 0 buffer outside of my expenses I am locked into I have 3700. thats just at the minimum the IRS will allow on a payment plan. Can you imagine living paycheck to paycheck, with 0 room from saving, for about 7 years? Ill be 41 years old. Why? cause income wasn't categorized as business...

also, where do you see me dismissing anything? some of yall are just a bunch of assholes. I've replied to just about every post on here.

yah. I reached out to green today. I also PM'd the other guy on the thread. I appreciate the help.

some of ya'll are seriously autistic or something. How many times to I have to post the minimum they will accept is 3600? 135k a year is a take home of 101k. 101k take home is about 8400 a month after my bills and expenses, I realistically have at most about 2400 left over. 3600 is still...

I have called into the IRS and the Advocate service multiple times. The advocate service told em they cant help with my particular situation as the way they see it I had made money, I owed that money, and I still earn some money so I should pay off in full. IT apparently doesn't matter that my...

my 401k is at 100k right now. I stopped contributing to it a few weeks ago. My irs balance is 190k + 27.5k at the moment. even depleting my 401k would leave me in the hole around 150k. It blows my mind that the IRS would expect me to pay off a balance this high when not only my income has...

honestly thats the plan. however, given my current income, living on bread and water id only be able to save like 5-7k a year. thats no where near enough to resume trading. I usd to be a mod in r/wallstreetbets and posted about this loss, its one of the higher all time posts, pretty much...

Are you autistic? I said 70%, it was a rough estimate. The min the irs said they would take a payment plan was 3600 a month. I’m already paying 2800 or so in taxes. (3600+2800)/11250= .56 so I guess I was off. It’s still a fuck ton to pay on a failed business. I’m not crying about anything...

All I'm looking for is a yes i think I can help you, this is my fee and Ill gladly pay it.

I agree I fucked up. I should have hedged. I should have had stop losses in place. I should have been paying more attention to the market. I got arrogant. However all of that is in the past, lessons were learned, and im in this situation for better or worse. Having to give up a minimum of ~70 %...