Lost everything to taxes how to start again?
Hey guys, this is so hard to write but I have nowhere else to share it and this is to throwaway accounts because no one really knows I’m a trader and I have family and friends in my other account.
So basically I’ve been trading futures and Forex since 2018, and between 2023 and 2026 I made well over $2M from payouts and personal accounts the problem is I never found a way to withdraw the money to my bank account because trading is a gray thing in my country, and if you wanna pay taxes, there is no category for you to be in so what I did as I skipped all of that and was only doing Binance P2P through my bank account, and for larger amounts I sometimes did cryptoforcash transactions in person.
Over the years, I bought two houses completely in cash, worth around $500K combined, and built a life that I genuinely thought was secure.
I never paid taxes on any of it, and now the government has seized basically everything I own and I’m back at $0.
Also, this June I decided to take a break from trading and I withdraw everything I had in personal accounts to my bank account which was also seized.
I already talked to a lawyer who would be working on commissions since I don’t have money to pay him and he told me that the government will mainly freeze my assets for six months to a year until they investigate and I would mainly pay a percentage which can be from 30% to 40% of what I own plus a fine for committing tax fraud, and dealing with crypto, which is actually illegal in my country
What makes this so scary is that I’ve never had a normal job, trading has been my entire life, and as a girl, I honestly don’t know what to expect and what’s happening out there also I don’t have anyone financially supporting me or a safety net to fall back on.
I know I made mistakes, and I’m not looking for sympathy. I just genuinely don’t know what rebuilding from $0 looks like when you’ve never had to start over before.
I know I’m capable of making money again. I just dont know where or how to start again.
I also maxed out payouts with almost all futures prop firms so its hard going though the props again.
**Any advice would be so helpful.**
Thank you and sorry for the long read.