Quote Originally Posted by abrown83 View Post
Quote Originally Posted by OSA View Post
How do we get around paying 25% in taxes when I quickly take profits. That's what I really want to know.
ROTH
Then once over income limit, back door ROTH

Can’t take the gains now, but you can take the investment out at any point if you need it without penalty.

There’s some more complicated ways around this if you ever had serious money.
I realize that ROTH is not just a Jewish last name. But with the recent boost to my Robinhood portfolio with Amazon/Tesla, I find it upsetting that I have to fork over 25% of profits cause I cashed out with a year.