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Content
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Ben  - [C/x] pfp
Ben - [C/x]
@benersing
Are airdrops taxed as ordinary income?
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jaxonbattery
@jaxonbattery
IRS FAQ: "you will have ordinary income equal to the fair market value of the new cryptocurrency when it is received, which is when the transaction is recorded on the distributed ledger..." https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
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