EP.4 Profit on GameStop? Get Ready to Pay the Tax Bill!

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The Financial Bites Podcast

Chris Passmore

23 episodes

2 days ago

You are listening to The Financial Bites Podcast powered by Social Media CPA. My name is Chris Passmore and I'm your host. I'm here to share news and numbers important to social media creators, influencers, entrepreneurs, business owners and anyone else! My content will address strategies to reduce taxes, ways to protect your assets, the impact of current events on your business as well as other important money saving tips!

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EP.4 Profit on GameStop? Get Ready to Pay the Tax Bill!

The Financial Bites Podcast

5 minutes 13 seconds

4 years ago

EP.4 Profit on GameStop? Get Ready to Pay the Tax Bill!

If you were one of the lucky few who made A TON of money on the recent GameStop stock rally, congratulations! Great job timing the market and capitalizing on an extraordinary situation. Now you need to understand the Income Taxes that will be due to the IRS. This video discusses the impact of both short term and long term capital gains to help you prepare for this tax bill.