Ripple's David Schwartz Paid $1.7 Million in Tax on the XRP He Sold. How Much Would You Owe If You Sold Yours?

Ripple's David Schwartz Paid $1.7 Million in Tax on the XRP He Sold. How Much Would You Owe If You Sold Yours?

A Ripple co-creator just revealed what the IRS took from his XRP sales, and the number is startling. Your own bill could look very different, and a quirk in crypto tax rules might turn a losing year into an advantage.

Ripple Insider Sold 2.5M XRP, But Thinks Its Price Will Flip Bitcoin

David Schwartz sold 2.5 million XRP at a low price and paid $1.7 million in taxes. Yet the veteran still believes it could flip Bitcoin.

XRP Update: Did Former Ripple CTO David Schwartz Sell 2.5 Million XRP?

David Schwartz, Ripple’s former chief technology officer and one of the original architects of the XRP Ledger, has said he sold about 2.5 million XRP in

David Schwartz Says He Sold 2.5 Million XRP and Paid $1.7 Million in Tax

He said most of the tokens came to him in 2020 and 2023. Each sale, he said, follows a written plan set with an attorney at least 30 days in advance.

Ripple’s David Schwartz Paid $1.7 Million in Tax on the XRP He Sold. How Much Would You Owe If You Sold Yours?

The post Ripple’s David Schwartz Paid $1.7 Million in Tax on the XRP He Sold. How Much Would You Owe If You Sold Yours? appeared first on 24/7 Wall St.. David Schwartz, one of the original creators of the XRP Ledger, has shared what XRP taxes cost him, a bill many XRP (CRYPTO:XRP) holders put off…