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Get your taxes done using TurboTax
Hi There:
Assuming the 200 monthly USDT is increasing your initial $10,000 USDT by 200 USDT monthly then it is taxable at short term ordinary gain rates. For a thought experiment, 200*12 equals a 24% rate of return, which makes me wonder if such a return is sustainable? Btw, I'm an accountant not a financial planner, so re: viability of investment-please consult with a financial planner.
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‎June 28, 2023
4:39 PM