FROM A MILLION TO THE ABYSS 🪜🕳 (true story)


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A trader turned a few thousand dollars into over a million, moving between dozens of altcoins and reinvesting everything non-stop. What he didn't know is that, for the IRS (Internal Revenue Service), each exchange between cryptos counts as a sale subject to capital gains tax.
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When tax season arrived, he owed hundreds of thousands of dollars... but the market had already collapsed and his portfolio was worth much less than the debt. He went from feeling like a financial genius to being trapped in a bureaucratic nightmare that even Hollywood couldn't write.
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#WAI# - #BDT# - #PEPE# - #PI# - #ETH#
ETH-4.65%
PI-7.21%
PEPE-4.01%
BDT-28.7%
WAI0.54%
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Does the tax office always win?
and with tip
11
11
I evade it
13
13
24 ParticipantsVoting Finished
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GateUser-81200e0dvip
· 08-13 03:44
What does it mean? Do I still have to pay taxes? I didn't see any tax deduction interface.
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