$400K Tax Debt from $100K Profit - BE CAREFUL!

Let's discuss the bizarre situation that occurred to an American student. Poor guy did some crypto trading and is suddenly owing IRS $400k. Crypto taxes are not a joke!

https://toshitimes.com/student-faces-400k-crypto-tax-liability-on-holdings-worth-125k/
https://en.wikipedia.org/wiki/Death_and_taxes_(idiom)

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DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.

Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins.

Ivan on Tech by Ivan Liljeqvist