NBA star Kevin Durant has successfully regained access to his Coinbase account, selling over 3,000 Bitcoin for approximately $350 million. Durant originally purchased the Bitcoin in 2014–2015 at around $650 per coin. With Bitcoin's value surging over 275 times since his initial investment, Durant now confronts a substantial tax obligation. The potential tax liability, including federal capital gains tax, net investment income tax, and possible California state tax, could reach up to $125.6 million, contingent on his residency status.
Kevin Durant Recovers $350M in Bitcoin, Faces $125M Tax Bill
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