Is all your income from crypto trading?

Not really. Estimated tax payments are so you can avoid a big penalty by owing a bunch of taxes when you file.

That's clearly not a problem for you lol. Congratulations!!??!??

You'll write off the loss on any income, and carry the rest over into next year. You'll get to write off future gains against the loss carryover, or up to .. I think it's $3k of income taxes?

Lmfao, I thought the same but wanted some other input. At least there’s one positive of being a failure 🙃

Yeah, or staking Apr via protocols on Arbitrum

Heh, I'm down about $70k in crypto myself, but I didn't realize it.

That said, I bought mine super early in the most recent bull run (early 2020)... so I'd still pay a capital gain on the sale. Just kicking myself for not selling last December, like everyone else.

Then you shouldn't need to make an estimated payment. I was just checking to make sure your losses can offset all your income.

Thank you!