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Sam (crazy candle person) ✦
@samantha
Does airdrop 1 count as self employment income, capital gains, or a gift? help pls 🫠
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Winston Laoh
@winstonlaoh
Way too many people are cavalier about paying crypto taxes in this thread. If you’re in the US the IRS has contracts with firms like Chainalysis to hunt down crypto tax evaders. Do not mess with the IRS.
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Winston Laoh
@winstonlaoh
It’s counted as ordinary income at the price of the time of the airdrop. Any you sell after is capital gains.
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links 🏴
@links
It’s income. You can use https://taxman.getbcard.io/ to figure out your tax implications
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Inna Mosina 🎩🔵💎
@innamosina
This is a very difficult question for me. I'd like to figure it out, too. In Russia, practically no one pays taxes. And here have not heard of cryptocurrency
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Chinmay 🕹️🍿
@chinmay.eth
I have a corporation, I'm putting this into income bracket.
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links 🏴
@links
1883 $DEGEN Thx for all the GC updates on Farcandles
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Frank
@deboboy
Where’s the airdrop tax calculator frame? And, the filing cast action?
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dawufi
@dawufi
what they wont know wont kill em
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Minoko
@minoko
Income unfortunately but then again don’t ask don’t tell rule could be applied 😆(jk)
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Robotandkid
@robotandkid
you gots crypto so it's capital gains
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