The AMC Stock Discussion Thread

[-deleted-]

Yeah mine went through, it’s linked directly to my bank account for a while now. If you just started your account it’s going to take a while.

Ive had it for a while, but it’s taking forever

 

[IsThatBrothaMouzone?]

That is not worth the effort at all. Maybe another one of the brehs can explain it better, but you’ll know when you SHOULD be paying taxes on something. A little ass profit like that isn’t worth anyone’s effort, but a couple thousand and up? Ya maybe start looking into it

This 100%.

If breh makes a total profit of $5, the IRS won't be looking for you.

If AMC does what we are expecting and people cash out.....you definitely want to account for that on your taxes. Probably OK if it's under $1,000. Every $1k you go up.....the more you gotta consider including the capital gains on your taxes.

The brehs in here with 300, 500 or 1000+ shares of AMC definitely need to get ready for a nice tax bill.

As an example, I used an online calculator that assumed I made $2.2 million off AMC + DOGE. Input my annual income from work and the tax bill was about $513k.

I'm in TX though so it could be a bit higher for other folks.

Someone earlier said put about 30% of the profits away for taxes. That's a great idea tbh.

 

[Illuminatos]

I only have 85 shares. I wish I could drive my average shares down and cop more but that would require a crazy dip at this point. I won’t be rich but I’ll def be in a nice position to make more investments if this does something big

85 will give you six figures, at minimum.

I only got 45.

 

[MostReal]

Hit sell and the options come up

What is a reasonable price to set it at

 

[93 til]

Fidelity GANG.

Ain't had no problems really It's a real investment app for various things. Robinhood good to get ya feet wet, Fidelity you jumping in the ocean

Just created an account. I already got shyt in Cash App, but I needed something legit

 

[#1 pick]

I should have kept my shares

 

[-deleted-]

Just got the word my 5 shares went through. Just 5 but good enough for me if what y’all are saying is correct

 

[CoryMack]

How hard yall going in?

I have 200-225 shares. I have a good $30k sitting in my savings. Very temptes to throw $10k more in.


But if I take an L

I'd drink myself to sleep every night

I’d sit tight.

This 100%.

If breh makes a total profit of $5, the IRS won't be looking for you.

If AMC does what we are expecting and people cash out.....you definitely want to account for that on your taxes. Probably OK if it's under $1,000. Every $1k you go up.....the more you gotta consider including the capital gains on your taxes.

The brehs in here with 300, 500 or 1000+ shares of AMC definitely need to get ready for a nice tax bill.

As an example, I used an online calculator that assumed I made $2.2 million off AMC + DOGE. Input my annual income from work and the tax bill was about $513k.

I'm in TX though so it could be a bit higher for other folks.

Someone earlier said put about 30% of the profits away for taxes. That's a great idea tbh.

God Bless the Great State of Texas.

 

[OneManGang]

I only got 45.

The crazy thing is I have enough to buy a lot more but I’m new to all this and I’m scared to commit more bread

 

[Action Mike]

Have to wait half hour for my order to go through

 

[FaTaL]

What is a reasonable price to set it at

I don’t know your situation so u have to make that decision

 

[Sohh_lifted]

HOLD

 

[Spence]

This 100%.

If breh makes a total profit of $5, the IRS won't be looking for you.

If AMC does what we are expecting and people cash out.....you definitely want to account for that on your taxes. Probably OK if it's under $1,000. Every $1k you go up.....the more you gotta consider including the capital gains on your taxes.

The brehs in here with 300, 500 or 1000+ shares of AMC definitely need to get ready for a nice tax bill.

As an example, I used an online calculator that assumed I made $2.2 million off AMC + DOGE. Input my annual income from work and the tax bill was about $513k.

I'm in TX though so it could be a bit higher for other folks.

Someone earlier said put about 30% of the profits away for taxes. That's a great idea tbh.

Stupid question time, please don’t kill me. Is there a way to prepay the gains taxes like you do on your paychecks so it won’t bite you in the ass come tax return time?

 

[Buckeye Fever]

This 100%.

If breh makes a total profit of $5, the IRS won't be looking for you.

If AMC does what we are expecting and people cash out.....you definitely want to account for that on your taxes. Probably OK if it's under $1,000. Every $1k you go up.....the more you gotta consider including the capital gains on your taxes.

The brehs in here with 300, 500 or 1000+ shares of AMC definitely need to get ready for a nice tax bill.

As an example, I used an online calculator that assumed I made $2.2 million off AMC + DOGE. Input my annual income from work and the tax bill was about $513k.

I'm in TX though so it could be a bit higher for other folks.

Someone earlier said put about 30% of the profits away for taxes. That's a great idea tbh.

100% truth.

I even make sure I put money aside when I win gambling on sports. 30% is a good number to put away. That will more than take care of federal taxes.

 

[-deleted-]

Have to wait half hour for my order to go through

I had to wait since post-market last night and my 5 share order only just went through