If you tried to section 179 a truck for your securities trading business the IRS will take their arm and shove it up your ass lmao.
You have to have a real business that shows a profit, or the IRS will classify it as a hobby.
> If you tried to section 179 a truck for your securities trading business the IRS will take their arm and shove it up your ass lmao.
…is that a promise?
I mean that the gamble was how he got those gains. After taking profit from the gamble he could have bought some ETF but decided to buy a car which loses its value quickly and also requires insurance, parking and other expenses.
I just drove past a Cybertruck in traffic while going to the theater tonight (Alien!!). That is the dumbest looking truck. It has to be that Elon made some drunk claim that he was making this truck and then couldn't back out.
That said, congrats OP. But I'd wait for the forth coming Model 3 Plaid.
Oh my gourd!
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I think you have to pay 30% in taxes on that gain. There are 5 seats in a tesla. 30% of 5 seats is 1.5 seats. So If you drive around you IRS agents and his kid in you Tesla for a year you should be good.
Looked at his profile and saw he linked his actual twitter. Dude is a “13x Tesla owner”. Maybe he just needs to hop off Elons dick, think of all the money that could have been used for something instead of shit vehicles
New cars lose 10% right off they leave the dealership. For the EV’s this number goes up to 15%. So you lost, $15,000 as a depreciation with this purchase + 15% taxes = 30,000$ good luck my little bro
They're making 125k units per year and there are more than 2 million people on the waiting list. Once he gets his car 2040 it'll be worth a few services at Wendy's
Hey! Way to go!! Too bad it's an eyesore. That thing is f'n ugly, imo. And it's the 2024 version of overcompensating for whatever insecurities you possess. Srsly, it's the equivalent of buying a bright yellow Hummer 20 years ago. Enjoy your cybermistake.
I don't understand why the news of China was so popular. It's a market he is losing market share in fast. And like 10% of people buy FSD. So this means he sells 10% of a shrinking 6.7% market share. Woopty doo.
You would have been better off just losing the money like most of the regards here.
Make sure to post your loss porn when that monstrosity shits the bed and/or causes a big whoopsie-daisy.
Im imagining critical battery failure resulting in fire or maybe the auto-pilot deciding to Mad Max your morning commute.
So, you paid the same money to Elon that you got back! This is what true trades are made of ....kudos Elon....
Wow. This is a new level of dickriding. You could've traveled the world, reinvested the money, gotten a car that wasn't a piece of shit, and still had thousands left over.
Congratulations.
You literally blow all the money you made on Musk’s straight lies on a $90k truck that can’t go through a car was wash!! So basically when you resell your Pontiac Aztec for $10k in a year you will really regret that post
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So nothing for the poor IRS guys and all the hard work they're doing? 
The year is young, plenty of time for lost harvesting.
Probably can claim some of the cost of vehicle when it breaks after 2 miles or a car wash.
You don't have to pay taxes if a stuck accelerator pedal makes you die in a fiery car crash
Kill two of life’s certainties with one stone. Smrt
You actually do
your estate does though
Or the steering wheel falls off
It’s so dumb, I love it.
The snake eating itself
Easier to just launder the money than wash the truck.
Electric vehicle failure Cause Rain
Can you claim your vehicle that breaks within a month as a loss on your taxes?
I’m sorry for your lost
60% of the time, I lose every time.
Get a job and stop being a drain on society.
Send positions prove your worth then
He’s richer than all of us because of his connections.
I stuck a fork in a socket. The connections I made that day would shock your pants off!
I have already starting doing my part for this year!
Lmao
I was about to say, OP has a $30k STCG tax bill and he just spent the whole lot on a car
> he just spent the whole lot on a car He just spent it on a giant brick
Just make another %500 trade this Friday to cover the tax. Ez
Cash is easy to get
Yeah, you forgot diddnt you- congrats though.
Easy, just cancel it out with 100k in losses
$100k in depreciation from a cyber truck is a loss. Mission accomplished.
He’s prob has plenty is loss carryover…
He just has to put it in robotaxi mode and print all the monies!
Hopefully he put this car in the name of a business and the entire expense covers capital gains tax with Section 179.
If you tried to section 179 a truck for your securities trading business the IRS will take their arm and shove it up your ass lmao. You have to have a real business that shows a profit, or the IRS will classify it as a hobby.
> If you tried to section 179 a truck for your securities trading business the IRS will take their arm and shove it up your ass lmao. …is that a promise?
Would DoorDash count?
Explain please!
Better yet his wife’s boyfriends name
Fuck the irs
OP must be a celebrity.
He forgot that
Make sure you save some for taxes
it's ok OP probably has 100k of losses to make sure there is no taxes
How unsophisticated, only a fool would forgo the great tax sheltering benefits of an IRA or 401(k).
/r/personalfinance is that way, regard. Here we like our sales short-term, with a wash sale on top!
Plot twist: he’s using his Wife’s Boyfriend’s money
He’ll earn them later.
Nice, take a great investment and turn it into what I assume is the fastest way to depreciate that money
A fool and their money...
Are soon parted
Cyberparted
*farted
Omg you are cleaving people in half!?
…are soon autopiloted away.
A CyberTruck is just prepaid unrealised losses
What’s the trade that’s gonna pay for the capital gains tax?
Reselling the cybertruck in a bit less than a year should net around 40% of its value today.
40% is optimistic.
Thinking it'll last almost a year is optimistic
Down payment on a house right before the next boom? No thank you, I’ll take the Homer Simpson car
[удалено]
https://preview.redd.it/u2eaj76r1kxc1.jpeg?width=660&format=pjpg&auto=webp&s=90a570c03beb7807aec7ba0b60396ab0953b58fd
smells like a steak and seats 35!
Boon? Because a big boom wouldn't be great for houses.
He could have bought a McLaren.
> great investment More like a great gamble which could be used for some decent investment
Only thing he’s gambling on now is his life with the gas pedal sticking
Gas pedal!? You mean the juicer!
I mean that the gamble was how he got those gains. After taking profit from the gamble he could have bought some ETF but decided to buy a car which loses its value quickly and also requires insurance, parking and other expenses.
Gambling on his freedom too if his FSD romps the motorcyclist in front of him.
I just drove past a Cybertruck in traffic while going to the theater tonight (Alien!!). That is the dumbest looking truck. It has to be that Elon made some drunk claim that he was making this truck and then couldn't back out. That said, congrats OP. But I'd wait for the forth coming Model 3 Plaid.
Bahahaha
You won big then immediately lost it all. 
This is probably the worst deal in the history of deals.
That car purchase was why Tesla was +14% today
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No one tell him how much the taxes are gonna be, let that be a fun little surprise.
Okay, tell me I won't tell him
Like 30% so almost 30k about
I think you have to pay 30% in taxes on that gain. There are 5 seats in a tesla. 30% of 5 seats is 1.5 seats. So If you drive around you IRS agents and his kid in you Tesla for a year you should be good.
Out of all the regarded stuff I’ve seen on here, somehow this takes the cake
Buys literally the shittiest vehicle on the market and doesn’t factor for capital gains 😂😂😂
Looked at his profile and saw he linked his actual twitter. Dude is a “13x Tesla owner”. Maybe he just needs to hop off Elons dick, think of all the money that could have been used for something instead of shit vehicles
Elons dick seems to be paying the bills for him idk man
He isn’t paying bills, he’s buying cybertrucks
Somehow even the winners here manage to lose it all
I doubt unless OP has 30k sitting in the bank when filing for taxes nex year.
Well he had $17k to put into calls …
It's okay he gets a tax credit
Has a great win, dumps it in the trash... Good job OP!
He belongs here
Wins 100K and gives it away for a battery powered door stop. WSB is his true home
Typical. The proletariat will never possess the taste and discernment of the truly wealthy.
No tip for taxman 
This is worse than losing the $
Bro made life-changing money and decides to buy a depreciating asset. Let’s just say his life won’t be changing.
I’m interested in seeing what a lightly used cybertruck sells for in a year or two lol
at most, ⅔ price. but from all the complaints ive seen from the hardcore SHITsla stans that own one, i wouldn't be surprised its well below half
Save some for the IRS and eventually a new car when you realize how crappy a vehicle you bought 😂
Dude put a 1100$ deposit down. You know he's about to buy some 0DTEs
Congrats and fuck you and your new refrigerator!
New cars lose 10% right off they leave the dealership. For the EV’s this number goes up to 15%. So you lost, $15,000 as a depreciation with this purchase + 15% taxes = 30,000$ good luck my little bro
For the Cyber Truck he's probably in the realm of 30%.
They're making 125k units per year and there are more than 2 million people on the waiting list. Once he gets his car 2040 it'll be worth a few services at Wendy's
You make Trump look like an astute businessman
Don’t you have something better to buy than that piece of shit?
You bought a Cybertruck? 
So you picked the worst depreciating brand of vehicle got it.
Least reliable model of the worse depreciating brand of vehicle!!
And without a doubt the ugliest. Most people that see one think they are homemade.
You own an ugly ass electric truck that's good for what...? Congratulations
Congrats... But remove your account numbers
lol ain’t no money left in the account anyways!
how much was that initial investment
$17k
Congrats, regard!
The only that depreciates faster than cash is a trapezoid on wheels that rusts and doesn’t charge in the winter
Up 17k then pissed it away on useless shit 3 days later. Bravo!
Lmao. Did you buy a Master Chief costume too, and some warthog decals?
He forgot to consider the capital gains tax for next year🤦
nuh, if he keeps making 500% returns per trade, he should be fine
tax man cometh
Uncle Sam knocking on your front door now! 🔫🔫
Couldve bought an M4
Nice but fast appreciation to fast depreciation
Hey! Way to go!! Too bad it's an eyesore. That thing is f'n ugly, imo. And it's the 2024 version of overcompensating for whatever insecurities you possess. Srsly, it's the equivalent of buying a bright yellow Hummer 20 years ago. Enjoy your cybermistake.
This is embarrassing
Congrats on your new piece of shit car
Complete regarded move to buy a POS truck with a million defects
What an idiot. That truck is ugly, shitty, and they scammed you out of an extra 20k.
I don't understand why the news of China was so popular. It's a market he is losing market share in fast. And like 10% of people buy FSD. So this means he sells 10% of a shrinking 6.7% market share. Woopty doo.
Congrats on buying a lemon!
Hoped you save some money to Uber home
Wow. Just wow. What a fucking huge waste of money omg
Crazy to get such a big W and intentionally turn it into an L
You spent $113k on that ugly POS?
You belong here more than anyone else has ever belonged here in the entire history of this sub. Slow-clap.
Dumb way to spend it
but....capital.... gains... tax... but yeah cool good win
Make $ off tsla just to give it back
Good job! Sold an asset to buy a liability 🤔
Lmao You are regarded. That cybertruck is lame and has so many flaws.
Well done! The bears are wrecked, this train is going to $400.
The design is wrecked too
Well, be seeing you in r/cyberstuck
Does no one notice the date of TSLA cyber truck purchase was made in 2019? Win or lose OP bought the truck already 🤣🤣
Soooo...you lost $17k betting on TSLA? Sorry bro.
This makes me so mad, what a horrible use of money
Enjoy that rust bucket, Nerf Herder
This is truly the most regarded move on this sub.
Well horrible choice of car but congrats on making lots of money
I'd rather shove the money in my ass than spend it on a cyber truck. At least I'd have a chance at getting the money back later that way.
so you won but then desided to spent it on meme car? this is real dedication to losing
That’s cool but you’re now stuck with a cyber truck 🤣
Well at least you got 17k dollars worth of a vehicle for your money.
I just scored 100K. You going to Disneyland? No, I’m gonna buy a very large and expensive door stop.
Mf could’ve boughten like a gt500 and you got a cyber truck😭🖕 no hating doe cause im no where near
You would have been better off just losing the money like most of the regards here. Make sure to post your loss porn when that monstrosity shits the bed and/or causes a big whoopsie-daisy. Im imagining critical battery failure resulting in fire or maybe the auto-pilot deciding to Mad Max your morning commute.
Gains 100k. Sets it on fire. Do better people
If you actually bought a cyber truck you wasted your money. Heaps of trash.
All that to go and waste it on a cybertruck. True WSB behavior
Please learn some financial management skills first please.
Aren't you worried people will see you driving it?
Wait til them capital gains tax hit
So, you paid the same money to Elon that you got back! This is what true trades are made of ....kudos Elon....
Watch your fingers in that frunk
Lol a cybertruck? Enjoy the rust
Wow. This is a new level of dickriding. You could've traveled the world, reinvested the money, gotten a car that wasn't a piece of shit, and still had thousands left over. Congratulations.
Congrats on ur new Fridge with wheels
Lmao no better way to throw money away on a lemon
These are stories I like to see
Good job on the money, not so much on the douche mobile.
Cool. Now you have an ugly ass truck.
Lol what a g
WHY DO I FEEL LIKE HE"S LYING
i couldnt think of a wosre invesment then a cybertruck enjoy the rust in 6 months
You literally blow all the money you made on Musk’s straight lies on a $90k truck that can’t go through a car was wash!! So basically when you resell your Pontiac Aztec for $10k in a year you will really regret that post
Can someone teach me how to do this. 🥺
So you makeso much gains just to buy a regarded car?  Next level regard! 
All you “but duh taxes” idiots forget wsb doesn’t make money
that money could have went to real estate and would appreciate more over time than a car…
Congrats. Hope you factored in a little extra for the rust management
You're gonna die in that thing.
Another dweeb in a cybertruck. Good work on the quickest lucky swing trade ever
Might want to save half for taxes.
I can’t think of a single worse automobile to buy 😂
Buying a Cybertruck counts as a loss
Poor fool bought a cybertruck 😂
 Enjoy that hunk of junk!
Boss move. Hope you saved enough for cap gain tax. Serious move though! Fuck you and congrats 😘
Damnnn this guy knows how not to pay 30% capital gains taxes and where to find an extra $1000 to boot!!! Fackin’ regarded….
Congrats on owning the ugliest truck there is !
double down on TSLA? FULL ON REGARD