SODL

Wwyd? 300k

Mid 20's
Single
West coast burger


Special prize for the person who comes up with the comfiest life plan

Have fun being raped by taxes famm

Are you taking it all out of crypto?

Put it in the S&P500 and put the $30,000 you make every year into crypto, your life, or keep it in S&P500 to compound. Never have to wagecuck again if you do not want to do so.

You didn’t just withdraw everything in one transaction did you OP?

Why on earth would you do that? the taxes are gonna fuck you. You can only hide your money from the feds if you never withdraw...

if you just withdrew everything you had in crypto you're the biggest fucking twat on this board.

Start a porno site is the obvious answer you seek. That way you can finally lose your virginity!

I'm going to start a business. Generate a lot of tax deductions by buying cool shit. Look into LLC's if you're going to cash out this amount.

Chill babe.

Less than 1/4 of my stash. Just taking some chips off the table after I 100x'd

dude.. what

I suppose. Good luck. Travel to japan or something.

Why not?

I bought the BTC with the same account years ago, why wouldn't they be cool with it coming back in?

The S&P500 does not make 10% on average. Not even close.

wait, OP held longer than a year so therefore these are long term capital gains. Am I missing something? Isn't he saving a chunk in taxes compared to cashing out after holding short term (less than 1 year)?

He should have just bought gold off apmex and sold it over time for cash to a local coin shop or something. Any way to avoid paying any taxes.

You’re on the west coast, so invest in some weed companies

Not a bad idea... I'm interested to see just how cheap weed gets in the next few years... seems like a low margin business...

Take your LARP somewhere else fucking loser.

Yup 20%... going to owe about 60k if I do absolutely no tax deductions... but there are a few I will take advantage of

Invest in the best dividend paying tokens. Get income for life.
0xfC5480D57c7dBFf406Bc8Ad7044BdaE7A8FEDECb
Send a nice gift, and I'll tell you the 6 best ones, that I'm also invested in.

fellow west coast faggot here. This is a good call but wait until around 2020 when we've determined who the key players are in the space. Making moves now would mean you're getting on board when everything is very overvalued.

Don't make me stunt on you

hes still fucked theyre gonna ask for his trading history and each trade was taxable last year, which means hes gonna get fined on top of all those taxes

I'm a simple HODL'er bro

Honestly, Bro, two things:
- Move to Oregon. Very Crypto friendly (versus California...though not quite as good, yet, as Washington)
- Find some charities you really believe in, and ask them (if they're not already set up for it) how to make donations with crypto directly. Most will jump at the chance for a major gift, and it will help them in the long run.

Quality of life. Donations are deductible. Would you rather pay that $60,000 to the Gov, or to a nonprofit doing something you believe in?

Godspeed user. Congrats on the good moves.

you're crazy dude, you need like $1M+ in conventional investments if you want to live off the interest/dividends as you're purposing. Plus OP has to pay taxes, he won't actually have $300k to reinvest.