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February 15th, 2010 admin Leave a comment Go to comments

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How I can pay taxes?

I'm new to trading .. Luckily a couple of times and it took me about 10k years and last about 16k as my military salary. I have a part of my agent who said that capital gains and losses of 177K …. I put that amount on a tax calculator and says he'll have to pay 38k on my taxes .. Damn im afraid, How will I actually pay taxes? Please help me with my wife and she is afraid that we might have to declare bankrupt. Thanks in advance for your advice … ohh if it helps us a dependent and she is a student and is about 4K for the year while total about 30k in total revenue for us this year.

If you had $ 177K in capital gains in the short term this is probably correct, or at least in the stadium. But you said that information from your broker is "profits / losses. What is it? losses offset the gains experienced by the network so that is what you want to worry about. If you really had $ 177K in net profits in the short term, then you should have no problem paying the tax because they have money or you can settlement of dues to pay. If you missed the gain prepare for a rough ride. Bankruptcy does not erase any tax liability so that there is an option. If you're really in this situation need advice from a tax professional – an accountant or tax adviser, not a single storefront tax preparation plants as Block or Hewitt. How did your military pay is only $ 16K? This E-2 or E-3 pay. GIS not many to pay to have the burden of age level enough to make 4KA even a year.

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