Post by @merc

In reply to 8 earlier posts

@schnokobaer@feddit.org on feddit.org Open parent

That NFT is worth $0

@Bytemeister@lemmy.world on lemmy.world Open parent

Claim it as a loss on your taxes since it is an investment. Now it is “worth” whatever taxes were paid on 635,000 dollars of income, which I would guess is in the 100K range.

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@merc@sh.itjust.works on sh.itjust.works Open parent

That doesn’t help that he actually paid $635,000 for it and now it’s worthless. It’s as if he took half a million dollars and just set it on fire. Being able to claim a loss on his taxes, if that’s allowed (which I’m pretty sure it isn’t), doesn’t really help with that.

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@Bytemeister@lemmy.world on lemmy.world Open parent

Or… He either didn’t actually pay that money… Or the money went to someone or something he wanted to give 635,000 dollars to already, and writing it off on his taxes is an additional side benefit.

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@merc@sh.itjust.works on sh.itjust.works Open parent

Or aliens descended from space and messed with everybody’s minds so we all think that he’s a real person. C’mon, stick to reality.

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@Bytemeister@lemmy.world on lemmy.world Open parent

I guess it’s possible… But I’d consider the fraudster who famously committed financial frauds, participating in more financial fraud, to be a much more probably scenario.

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@merc@sh.itjust.works on sh.itjust.works Open parent

Just accept the reality that dumb people make dumb “investments”.

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@Bytemeister@lemmy.world on lemmy.world Open parent

Sure, and accept that this guy has a few million dollars and can afford to pay for some “creative” accounting.

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merc in !funny

@merc@sh.itjust.works · Mar 07

Which still means he lost more than half a million dollars from a bad investment.

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