### Comment:
Of his own out of pocket money?

### REPLY:
Yes, but I believe he started with a lot less than that 1.5m. 
  
 Basically, he made a bunch of money one year then lost it all the next year, but he didn't withdraw anything to pay the taxes on the profits he made in the first year, so his account is now at 0 and he owes taxes on all the money he made in that first year.

### END.