Content pfp
Content
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Sam (crazy candle person) ✦ pfp
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 pfp
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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links 🏴 pfp
links 🏴
@links
It’s income. You can use https://taxman.getbcard.io/ to figure out your tax implications
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Frank pfp
Frank
@deboboy
Where’s the airdrop tax calculator frame? And, the filing cast action?
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Winston Laoh pfp
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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dawufi pfp
dawufi
@dawufi
what they wont know wont kill em
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Inna Mosina 🎩🔵💎 pfp
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 🕹️🍿 pfp
Chinmay 🕹️🍿
@chinmay.eth
I have a corporation, I'm putting this into income bracket.
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Minoko pfp
Minoko
@minoko
Income unfortunately but then again don’t ask don’t tell rule could be applied 😆(jk)
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links 🏴 pfp
links 🏴
@links
1883 $DEGEN Thx for all the GC updates on Farcandles
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Sam pfp
Sam
@dotsam
It depends on the specific circumstances of the airdrop. If it's received in connection with services rendered or as part of a business activity, it could be considered self-employment income.
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AlexnonsoⓂ️🎩🍖🐹🎭 pfp
AlexnonsoⓂ️🎩🍖🐹🎭
@alexdegen
I'm new here but I think it should count as income since you earned it doing what you like
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Robotandkid pfp
Robotandkid
@robotandkid
you gots crypto so it's capital gains
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Three Arrows Capital pfp
Three Arrows Capital
@3ac
Yes
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