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April 13, 2022
Question

used short term net gains to pay off car loan

  • April 13, 2022
  • 1 reply
  • 0 views

hi. i made money in crypto in 2021. enough to pay off my car loan (appx $8000). i know i have to now pay taxes on the money yet is there somehow i can get a break because i paid off/purchased my car (not for business)? just wondering before i write the check. many thanks

    1 reply

    April 14, 2022

    there are no breaks based on the situation you described.