The AMC Stock Discussion Thread
- Thread starter I Really Mean It
- Start date
You would have to have the brokerage account in your business already and brought the shares in that account
you will get tax papers from whatever platform your are using
also, you don't need an LLC to be a business
you can due business in your personal name and SSN as a sole proprietor
I will show nikkaz how do this when its time
pawdalaw
Superstar
That Tara chick has 12k shares.
gawt damn she’s about to be rich
pawdalaw
Superstar
A lot of those OF chicks came up off of the wallstreet bets crowd. During the run up in Jan. There was videos circulating of posters tricking off, having 3somes and shyt. Next thing you know it was paags and shyt being regulars in the stock thread. Them hoes diversified like a mufukka.
threattonature
Veteran
They were posting the exact same shyt last month showing the patterns. I don’t believe any of it any more. I look at it as part of the mind games being played to psychologically fukk with people holding. Keep building hopes up and then disappointing so as soon as their is a spike people will sell to get this emotional rollercoaster over with.
Unemployment, eviction moratorium, Only Fans all ending in 6 weeks, throw in a market crash and this country is going down. Don’t forget the war between the vaccinated and unvaccinated with delta rising.
So you saying I might get some spy stock for cheap?
So you saying I might get some spy stock for cheap?
all of the blue chips is what I’m looking at. Taking the amc moass and dumping it back into blue chips.
This thread is like the only place on thecoli that understands there are subreddits and reddit itself isn't full of racists
I should've been more succinct, a brokerage account opened under your business entity/name should be established with the shares bought within that account and funded with an ETF from a business checking/savings account. Then from there, choose to do withholding or not but the IRS will certainly be notified of the sale of the stock, so plan accordingly for taxes due.
LLC, Sole Proprietorship, S-Corp are different avenues to establish a business. For myself, when I started my own music business, I wanted to seperate any personal assets under my ssn from any assets gained under my LLC.
When moass begins, I have a target strategy and tax plan to legally mitigate the tax rate, but there is only so much one can do without triggering a possible audit. When in doubt, seek a tax professional, everyone will be able to afford one when the moass ends....
Doubtful folks will hold out a year or more to get the Long Term Capital gains rate but who knows? But those who copped a big bag of AMC at the start of the pandemic are going to be eating lovely when this is all said and done....
Most people already have it in their own names,
but even with a business, its only so money deductions you can make without getting audited if doesn't make sense for the businesss
tax professionals aren't going to help you too much, other than deductions which won't be a significant dent I mean assume most people will b e making at least 6 figures from this
Am I the only one thinking about liquidating a couple of long holds just to purchase more amc? I mean the long holds for example like me (PLTR) aren’t going to really do much over the next bit of time. And I could always buy back into a position.
Hater Eraser
Veteran
Just hire an accountant or CPA if you start a corp and if you're caking .. count chicken brehs
True indeed, just have to pay the piper once the gains pass a certain threshold...A couple bands is one thing, six figures is another....
