In this video I discuss why John McAfee was targeted by U.S. government for his business and crypto activities and the many lessons that mgtow guys can learn from this horendous experience and miserable end to his life. Also, I discuss the importance of renouncing a western citizenship sooner then later if you are irritated with the actions of your government and why fighting the system rarely works as a useful strategy. Viking Traveler is a channel for open minded men (and women if so inclined) to talk about current events, news, opinions, humor and ways to better yourself and find happiness and understanding in today's society. This is an open forum where comments, talking points, concerns and discussion about topics are encouraged. This channel will also include the situations happening around the world and will put extra emphasis on the dating and relationship culture of countries all over the world. To further support my channel and works: Patreon Supporter: https://www.patreon.com/join/vikingtraveler If seeking a private/business consultation: Contact me via email Paypal Donations: investmentssocrates@gmail.com If seeking a private/business consultation: Contact me via email ... https://www.youtube.com/watch?v=SV6UmkJLjtc

Special IRS wash sale rules affect active traders and investors who maintain an individual retirement account (IRA) in addition to a trading account. These special rules can have severe consequences on active traders and investors. When a wash sale is triggered by an IRA trade, the loss is permanently disallowed in your taxable account. There are no requirements to file IRS reporting for gains and losses realized in an IRA, nor are wash sale adjustments made within the IRA account alone. However, if you maintain a taxable trading account and an IRA, or Roth IRA, then you are required to adjust for wash sales that occur as a result of trading in all accounts, including the IRA. Notice the fourth situation where a wash sale occurs (IRS Publication 550, page 59): 4. Acquire substantially identical stock for your individual retirement account (IRA) or Roth IRA. If you close a trade at a loss in a taxable account and, within the 30 day +/- wash sale window, you acquire the same security (or substantially identical security or option contract) in your IRA account, this is considered a wash sale and must be adjusted in your tax reporting. Notice that this works one way: The loss occurs in the taxable account, and you acquire the new trade in the IRA, which triggers the wash sale. If you generate a loss in your IRA there are no rules for adjusting that loss for wash sales, because it is a non-taxable account. In addition, there are special rules as to how the IRA wash sale is adjusted, Publication 550 continues: If your loss was disallowed because of the wash sale rules, add the disallowed loss to the cost of the new stock or securities (except in (4) above). The result is your basis in the new stock or securities. This adjustment postpones the loss deduction until the disposition of the new stock or securities. Your holding period for the new stock or securities includes the holding period of the stock or securities sold. Notice the part "except in (4) above". What is the exception? Normally the cost basis for the security you acquired which triggered the wash sale would be adjusted to include the disallowed wash sale amount. You would therefore capture your loss eventually when you closed out that new position - barring any additional wash sales. However, if a wash sale occurs as a result of an acquisition in your IRA account, the adjustment to cost basis is not made. This was further clarified by the IRS in Revenue ruling 2008-5. In that ruling the IRS stated: “The loss on the sale of the stock or securities is disallowed under section 1091 of the Code, and the individual’s basis in the IRA or Roth IRA is not increased by virtue of section 1091(d).” The net result is that the loss in your taxable account is permanently disallowed. You ar ... https://www.youtube.com/watch?v=-oNBsqJaTjI