Melvin has made money the past couple of months shorting stocks again, they must be ok to start paying citadel back. Citadel wouldn’t want them to be in danger of being margin called cause it kills them as well in the end
The AMC Stock Discussion Thread
- Thread starter I Really Mean It
- Start date
Taxes?
I thought we all bum rushing Bali to kick it with Russell Simmons.
Establish an LLC, open a business bank account, run the proceeds through your business account...
DJ Paul's Arm
Veteran
Fasho
we really need another thread on how to avoid as much taxes as possible when this pops.
already have all of that but doesn’t your brokerage take the taxes when you sale shares? I have some that do (fidelity for example) and some that just give you a tax sheet at the end of the year.
Leavingtheecstasy
All Star
Fidelity takes the taxes automatically??
Now I’m not sure if I have something set up the only position I ever sold was clover. But it took my taxes out when I sold it from my individual account.
where as M1 or Webull are would just give the full amount.
Leavingtheecstasy
All Star
That's fukked. I've never sold on fidelity. So I can't be having that shyt happen.
Maybe it could be a settings thing. I wasn’t paying attention I saw that shyt finally at a profit and wanted out of that bs.
BaileyPark31
Love, Peace, Health, and Wealth
So about how much tax can be saved by using ya biz banking acvount?
GUWOPPERS
I might die a bachelor
Real question, not trying to talk shyt.
Wall street got bailed out before, yeah true.
But that money went to the hands of a few.
What makes y'all think these firms aren't ready to file bankruptcy and start again if they gotta pay out crazy money?
Or them lobbying for a new law that prevents this?
Wall street got bailed out before, yeah true.
But that money went to the hands of a few.
What makes y'all think these firms aren't ready to file bankruptcy and start again if they gotta pay out crazy money?
Or them lobbying for a new law that prevents this?
hu3ypdadon
All Star
In this bish with 300 Shares thanx to the dip 
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Real question, not trying to talk shyt.
Wall street got bailed out before, yeah true.
But that money went to the hands of a few.
What makes y'all think these firms aren't ready to file bankruptcy and start again if they gotta pay out crazy money?
Or them lobbying for a new law that prevents this?
The DTCC will cover it if they go bankrupt. That’s an old law. And they put a rule in place allowing the funds to just give long positions (think pawn shop where you give shares for cash) to the NSCC/ DTCC and they will just loan them the money to pay it back over time. Basically stopping any major crashes due to this….
Crizzy
U wanted the smoke...u can have it your way
Didn't keep reading to see if this was answered so my bad if it was...u can choose to take out taxes when u withdraw funds tho.
DJ Paul's Arm
Veteran
They still took back $500 milly. I wonder why. Maybe getting ready for the new margin requirements?
