Content pfp
Content
@
0 reply
18 recasts
21 reactions

Kat pfp
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.
1 reply
0 recast
8 reactions

EinBard pfp
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
1 reply
0 recast
1 reaction

Kat pfp
Kat
@katwolfie.eth
I’ve learned to sell at least half after claiming. Here’s 400 $degen to help with taxes
1 reply
0 recast
1 reaction

EinBard pfp
EinBard
@einbard
thanks, just recently i got the venice token airdrop and the value per token went from $15 to $9 and i didn't sell anything, lol
0 reply
0 recast
1 reaction