There is no way I would let a 650000 score that drops to 520000. With 1 simple payment in Sept. Turn into a big fuckup because I did not pay. IF COINS TANK to 20k and I waited til April 2025 I still pay 20% of the 650000. Which is 130000 tax.
Is getting back the coins a taxable event, even if you don't sell them? I'd expect you'd have to pay the gains tax only if you sell them.
EXACTLY...not sure why Phil thinks of it as income when
partial restitution would be more appropriate, imho.