cryptotax

Building something new. 🟪 Host: /venturecapital /adventures /theitinerant

co-founder at fairmint.com.
If you're a FF (Farcaster Founder) raising funds, stop right here and checkout fairmint.com. Or DC me :)

Yes both. At receipt and sale because if you sell them that is a taxable event. But on sale would be the difference between receipt price and sale price. I have seen token do an air drop before there is any value so the value you get is technically zero. Valueless coins. Then after they make the market for it. Value up

O P T I M I S M 🔴✨

Congrats to those of you who received an $OP grant!! 🎉 
If you received $10K $OP that's $10K income tax wise.
If you want to hold, make the smart move tax wise:
* Sell 100% now
* Put ~20% aside to pay taxes next year
* Buy 70% back

Thank me later 🙏

Right. I recently shared what I personally do when receiving an airdrop:

Class of 2017 I work in healthcare. Background computer science and Business. Love my family! Obsessed with Ethereum. 

Why not just sell the percentage needed for taxes?

Right. I recently shared what I personally do when receiving an airdrop: https://warpcast.com/thibauld/0x3b1541b4