captjack on Nostr: HANDOVER UR SEED 12 - 15 - 24 WORDS #taxstr owes the US government about $1.1 million ...
HANDOVER UR SEED 12 - 15 - 24 WORDS #taxstr
owes the US government about $1.1 million in restitution.
Ahlgren pleaded guilty to filing a false tax return in September 2024 and was sentenced in December.
In 2015, when Bitcoin peaked at around $465, he purchased about 1,366 Bitcoin using Coinbase.
He then sold around half of it two years later at $5,800 per Bitcoin for $3.7 million but “substantially inflated” the cost basis of the Bitcoin in his 2017 tax return, thereby making the capital gain appear less than it actually was.
owes the US government about $1.1 million in restitution.
Ahlgren pleaded guilty to filing a false tax return in September 2024 and was sentenced in December.
In 2015, when Bitcoin peaked at around $465, he purchased about 1,366 Bitcoin using Coinbase.
He then sold around half of it two years later at $5,800 per Bitcoin for $3.7 million but “substantially inflated” the cost basis of the Bitcoin in his 2017 tax return, thereby making the capital gain appear less than it actually was.