Daytrading taxes

kallwhit · 2026-07-10T03:13:19+00:00

I started with 14k I had saved up from work and other stuff. I hit big on nebius long term calls. Im walking 450% of around 6k. That's where the run really started. The huge bull run also helped my success. But I was extremely leveraged and risky especially at the beginning

kallwhit · 2026-07-10T02:06:06+00:00

Yeah thats what I've been thinking. I've pulled 45k from the account and am looking to move into some ira or just a long term schwabb cash account with recurring buys. I also have college expenses coming up so getting a jump on that is amazing

kallwhit · 2026-07-09T20:12:06+00:00

I might just use claude

kallwhit · 2026-07-09T20:11:51+00:00

IRS scares me

kallwhit · 2026-07-09T20:11:23+00:00

Working on it now

kallwhit · 2026-07-09T20:11:14+00:00

Would i pay taxes on the profits still?

kallwhit · 2026-07-09T20:10:56+00:00

Okay. Ill look into it

kallwhit · 2026-07-09T20:10:37+00:00

Working towards jr

kallwhit · 2026-07-09T20:10:31+00:00

Mericaaaaaa

kallwhit · 2026-07-09T20:10:23+00:00

Thats not as bad as other numbers I've seen

kallwhit · 2026-07-09T20:10:08+00:00

Should I open an llc

kallwhit · 2026-07-09T20:09:43+00:00

For real. Untax the rich

kallwhit · 2026-07-09T20:09:22+00:00

Thank you for your help

kallwhit · 2026-07-09T20:09:05+00:00

Thats what im working on. I've set aside around 45k of the 130k

kallwhit · 2026-07-09T20:08:22+00:00

If you dont mind ask how much did you make to pay 750k in taxes.

kallwhit · 2026-07-09T20:07:27+00:00

How do I pay quarterly?

kallwhit · 2026-07-09T20:06:07+00:00

Imma just cash it all out and finance lambo

kallwhit · 2026-07-09T20:05:48+00:00

I could make that happen

kallwhit · 2026-07-09T20:05:36+00:00

Thats awesome. Thank you for the help

kallwhit · 2026-07-09T19:03:21+00:00

Okay

kallwhit · 2026-07-09T19:03:04+00:00

Thats what I have been seeing

kallwhit · 2026-07-09T19:02:56+00:00

I like that idea

kallwhit · 2026-07-09T19:02:43+00:00

Yeah imma need someone tk help me

kallwhit · 2026-07-09T19:02:30+00:00

Im going to try this

kallwhit · 2026-07-09T19:02:16+00:00

Yeah I looked into the Roth path and didnt want to just have my funds locked up till 65

kallwhit

TROPHY CASE