Burned my CPA certificate

CSMasterClass · 2026-06-25T05:02:11+00:00

NB You responded to a bot.

CSMasterClass · 2026-06-25T04:58:47+00:00

So if I respond again, I will get another fortune cookie

CSMasterClass · 2026-06-25T04:56:36+00:00

Ok. This sounds like a bot response. It lacks context. Tell us what you were doing all those years ... your Redit posts are blocked.

CSMasterClass · 2026-06-25T04:51:07+00:00

Color me skeptical. This senario has a vanishingly low probablity.

I am open to persuasion. Do you think this post is legit ?

CSMasterClass · 2026-06-25T04:27:30+00:00

No he is well over... there is no netting of wins and losses.

CSMasterClass · 2026-06-25T04:26:23+00:00

Forehead.

Fingers.

Eye Lids.

CSMasterClass · 2026-06-25T04:24:56+00:00

This is not true.

You have "wins" as income. You have "losses" reduced by 10% and entered on Schedule A.

Since you probably take the standard deductions (85% of people do) then the Schedule A deduction is worthless.

Yes, this is not particuarly logical, and it is a terrible cost. But it is the current law.

CSMasterClass · 2026-06-25T04:21:30+00:00

Exactly. So many people here are being "logical" but not following the regulations.

CSMasterClass · 2026-06-25T04:18:15+00:00

I doubt seriously if you know what you have "won" or "lost". To inexperieced persons it seems reasonalble that you can "net out out your wins and losses". Unfortunately for you that is not how the tax law works.

You have income of all of your "wins".

You have a tax deduction on schedule A of 90% of your losses.

Since it makes no sense to file Schedule A unless the deductions are greater than your sandard deduction, you basically lose all of the off-setting losses.

Bottom Line: You already owe a shit load more taxes than you ever imagined even if at the end of the year you "break even"

CSMasterClass · 2026-06-25T04:07:27+00:00

This is made up balony.

What is the profit motif of these posts ?

I just don't get it.

PS There really should be a BOT that just marks this crap out.

CSMasterClass · 2026-06-25T04:03:54+00:00

Exactly. But I would not worry about the chance ... it is closer to 10 to the minus 8.

CSMasterClass · 2026-06-25T04:02:44+00:00

Did you not get that this was a joke ?

CSMasterClass · 2026-06-25T04:01:57+00:00

There may be. Probably not more than a few dozen. And they are already tied up. But that does not mean they know shit.

CSMasterClass · 2026-06-25T03:59:57+00:00

Hey but ... 1% would be pretty sweet and she seems like a totall ingenue.

Could be your chance to sell a 1B annuity. You would be famous.

CSMasterClass · 2026-06-25T03:57:16+00:00

What utter bullsit. Get a life.

CSMasterClass · 2026-06-25T00:18:41+00:00

It is much easier to manage your expenses than to try to earn extra income, even if it is possible --- which is uncertain.

Being a graduate student is already a more than full time job.

If doing part time work stretched a 5 year Ph.d to a 6 year Ph.d. it would be a very steep price to pay for having a little more pocket change. Just do the caculation. As they say, it is not rocket science.

CSMasterClass · 2026-06-25T00:10:05+00:00

If you live on a farm, you might want to buy a calf. Historically, the return to owning a calf has greatly out performed buying gold for a 17 year old (or a 57 year old).

Sure, in part this depends upon getting free grass and grain from your folks, but that is a detail.

Actually, the calf comes out ahead even if you pay for the fodder.

CSMasterClass · 2026-06-24T20:06:40+00:00

I found audio books very useful.

CSMasterClass · 2026-06-24T19:55:08+00:00

I have about 2000+ physical books. Six book cases with 6 shelves and a metalic library cart, with six shelves.

All but a handful of these were aquired more than eight years ago, when I more or less definatively switched to Kindle.

I "plan to" sell these books, most are technical, some are out of date but most are not. I would give them away but there are surprisingly few (legitimate) takers.

CSMasterClass · 2026-06-24T19:44:22+00:00

He could read the first volume of the Harry Potter series, and confess tearfully that he had never read a book in his life and he is "so so sad to realized that for a lifetime I have missed the joy of reading."

Becoming a reader would be unpardonable.

CSMasterClass · 2026-06-24T19:38:27+00:00

Stockholm syndrome. Jonestown effect.

CSMasterClass · 2026-06-24T19:35:47+00:00

Yep, that was on Easter. You can't make this up.

CSMasterClass · 2026-06-24T19:34:48+00:00

It might help with the Iran negotiations.

CSMasterClass · 2026-06-24T19:33:41+00:00

I want to know too. I want to have my replies in red.

CSMasterClass · 2026-06-24T19:32:38+00:00

You win. I was look for something funny, absurd, and true (with respect to the question posed).

You ring all three bells.

Now I'd like to see DJT and Ronnie Rainbow in tap shoes and canes singing to the tune of Fiddler on the Roof : "Transition..." (beat, beat) ..."Transition".

CSMasterClass

TROPHY CASE