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Kat
@katwolfie.eth
In the U.S., $degen turns into taxable income the moment it's claimed. Holding means that I risk owing more in taxes than the token is worth if the price depreciates. People also have bills.
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EinBard
@einbard
you pretty much need to sell to pay your taxes right at the time of claim, but i'm in the situation that you described of owing taxes on a token that has fallen in value
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Kat
@katwolfie.eth
Iβve learned to sell at least half after claiming. Hereβs 400 $degen to help with taxes
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