Countdown to T-Day

3 days and counting… until T-day.

I’m collecting paperwork right now, but otherwise I’ve put off until tomorrow what should’ve been done in February :stuck_out_tongue:

I have an absolutely massive tax bill (at least for me). I feel sick :joy:

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For better or worse, you are not alone…

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So sorry :frowning:

We may as well…

Same here – super massive

I am not expecting a huge bill - should I feel sorry for myself?

Bloggers that have sold their TSLA holdings in 2021.

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No. You should party! :slight_smile:

I sold about half of my shares in my taxable account. Plus some options trading taxes added another 100k. And I got $20k AMT charge!

Thank god Roth / regular IRA I can trade freely.

Rest of the shares in taxable I will sell in smaller amounts. Maybe 1/2 this year and 1/2 next.

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LOL, TD Ameritrade just called me to talk about tax advantage strategies as they noticed me pulling $$ out of the account.

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Let me tell you how it will be
There’s one for you, nineteen for me
'Cause I’m the taxman
Yeah, I’m the taxman

Should five percent appear too small
Be thankful I don’t take it all
'Cause I’m the taxman
Yeah, I’m the taxman

If you drive a car, car, I’ll tax the street
If you try to sit, sit, I’ll tax your seat
If you get too cold, cold, I’ll tax the heat
If you take a walk, walk, I’ll tax your feet
Taxman

'Cause I’m the taxman
Yeah, I’m the taxman

Don’t ask me what I want it for
(Haha, Mr. Wilson)
If you don’t want to pay some more
(Haha, Mr. Heath)
'Cause I’m the taxman
Yeah, I’m the taxman

Now my advice for those who die
(Taxman!)
Declare the pennies on your eyes
(Taxman!)
Cause I’m the taxman
Yeah, I’m the taxman
(Beatles, The Taxman)

Actually, this is so appropriate for California…

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I got a federal refund but owned a little to Arizona. Very hard for me to dial things in perfectly. I hate refunds. My goal is to owe the maximum I can without paying fines and penalties. Anything else is a tax free loan to the IRS.

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The IRS pays interest

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Interest on late refunds - but interest on the time they had it?

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They paid me interest. Better than I can get at a bank. Great place to keep extra money. Sanctuary from lawsuits and judgements also.

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