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2018-11-04 10:00:59

Student Turns $5K into $800K Trading Crypto, But Now Owes $400K in Taxes

One college student turned his $5K investment into $880k but now says trading “ruined” his life as he’s facing $400k in cryptocurrency taxes.  From Big Profits to a Tax Nightmare An anonymous college student recently posted on Reddit to solicit advice about what to do while they face a massive tax bill in the wake of cryptocurrency trading. According to the post, the student, who lives in California, put $5,000 into Coinbase last year afterRead MoreThe post Student Turns $5K into $800K Trading Crypto, But Now Owes $400K in Taxes appeared first on Bitcoinist.com.