For those of you into buying and selling STONKS, have you ever paid capital gains tax?

JackieChang · 12-08-2022 05:06PM #1

I became a stock trading pro during the pandemic, along with 1000s of other people.

Two years later I probably have about 3,000 profit. I never reported it.

Have you reported your gains from stonks?

banie01 · 12-08-2022 05:12PM

Yes, of course I have Mr Revenue Commissioner!

silliussoddius · 12-08-2022 06:23PM

I earned money last year, do I need to pay tax.

Leg End Reject · 12-08-2022 08:17PM

WTF are stonks?

silliussoddius · 12-08-2022 08:36PM

https://www.boards.ie/discussion/comment/119465446#Comment_119465446

I think it’s reddit for stocks.

Jim_Hodge · 12-08-2022 08:52PM

I always paid 33% annually on any gains.

Would want to up your game with just €3000 in 2 years..

kirk. · 12-08-2022 08:54PM

Checking in to see what stonks is

What is it

Memories of the swatting thread coming back

silliussoddius · 12-08-2022 08:55PM

https://www.boards.ie/discussion/comment/119465559#Comment_119465559

He should have hodled.

Jim_Hodge · 12-08-2022 09:00PM

https://www.boards.ie/discussion/comment/119465565#Comment_119465565

Probably just Faanged

Tonesjones · 12-08-2022 09:01PM

https://www.boards.ie/discussion/comment/119465559#Comment_119465559

33%! That's way too much

Can you register as some sort of company or trading agent and pay corporation level tax?

odyssey06 · 12-08-2022 09:02PM

It's a STONKER alright

I think these lads are traders, they are wearing suits.

https://www.youtube.com/watch?v=1A9ZaND3U78

12-08-2022 09:04PM

Go to the crypto threads. You'll be up in no time. Buy the dip.

silliussoddius · 12-08-2022 09:08PM

https://www.boards.ie/discussion/comment/119465592#Comment_119465592

They’re big into pegging over there.

Jim_Hodge · 12-08-2022 09:10PM

https://www.boards.ie/discussion/comment/119465585#Comment_119465585

Yes sure. Any individual dabbling in stocks or shares is well advised to register a company or set themselves up as a bogus trading agent while qualifying for corporation tax. Get real. It's part of the cost of successful dealing. I don't begrudge paying it at all. It's just a pastime.