Kevin

Just a Jersey boy failing forward

[Kevin @kganderson4]

@rob7209593 What's with the short term thinking? Don't you understand this is a game of decades? Zoom out man

[Kevin @kganderson4]

@scepticemia @NolanRyan522 @RobinhoodApp I used coinbase. It's a variable rate though, so proceed with caution. Robinhood margin is an option to pay taxes if you don't have enough cash or BTC collateral to cover the bill

[Kevin @kganderson4]

@bitcoin_only @NolanRyan522 @AdamBLiv So 35% of divi's are going to BTC, and tbh I'm not sure I'm ever going to sell my $msty position... Maybe in ten years when volatility drops off if @saylor is correct on that timeline. Whatcha think?

[Kevin @kganderson4]

@bitcoin_only @NolanRyan522 @AdamBLiv https://t.co/vjRbMcWkMS

[Adam Livingston @AdamBLiv]

Scared of MSTY for tax reasons? You shouldn't be.

Don't make it too complicated.

Most people panic when they hear "Return of Capital (ROC)" and "ordinary income."

Here's the ultimate clarity you need:

1. ROC isn't bad.

It just means you're getting your own money back - not taxed today, but it lowers your cost basis. You defer taxes until you sell.

Example:

If MSTY pays you $10 in ROC, your taxes today = $0.

But your cost basis drops by $10. If you sell later, that $10 becomes a capital gain.

2. The rest is taxed as ordinary income.

MSTY distributions are not qualified dividends, so you’ll pay your regular income tax rate on the non-ROC portion.

3. What to do?

Track your cost basis. It’s not complicated - just subtract ROC from your original purchase price.

YieldMax announces their ROC with every dividend.

Hold MSTY in tax-advantaged accounts (Roth/IRA) if you want zero hassle.

If held in taxable accounts, just plan for eventual capital gains tax - but enjoy a lot of tax deferral today.

The truth: MSTY lets you harvest income now and kick a lot of taxes down the road. That’s strategic, not scary.

You’re not getting taxed twice. You’re getting paid today and choosing when to settle up later.

The easiest way (for me) to pay taxes is to subtract the ROC portion of the monthly dividend, calculate my taxes based on my income tax rate, and set it aside.

Then, pay that amount quarterly (three months at a time).

This doesn't require a lot of work/brainpower! Don't overcomplicate it :)

[Kevin @kganderson4]

@obviceo Growth deck

[Kevin @kganderson4]

@kasramoradi Shop

[Kevin @kganderson4]

@iansells @JoinBrands GMV

[Kevin @kganderson4]

@obviceo Audit

[Kevin @kganderson4]

@cleanwithmike Clean

[Kevin @kganderson4]

@bradley_vast South Lake is close to a bunch of mountains and has a good night life going for it. Lived there for a few years and loved it.

[Kevin @kganderson4]

@coleruudjohnson Code

[Kevin @kganderson4]

@obviceo BRAND

[Kevin @kganderson4]

@oshalchemy 🤖

[Kevin @kganderson4]

I heard a quote that to be free of desire is true freedom... idk how to feel about that. What do you think?

[Kevin @kganderson4]

@reachvaldo 👋

[Kevin @kganderson4]

@reachvaldo 🔥

[Kevin @kganderson4]

@EcomShri Campaigns