matthewb
@matthewb
cart before the horse, let’s not worry too much about the tax implications of airdrops under $10
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@thumbsup.eth
If you’re referencing my cast it was about larger airdrops. I think quite clearly. And if it wasn’t, I explicitly clarified in response.
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matthewb
@matthewb
nope, I saw a post a day or two ago about it which chastised crypto participants for not reading the ToS and considering the tax implications lol
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@thumbsup.eth
Ah ok. It’s on everyone’s minds i guess. Someone earlier threw it in my face that these airdrops are tiny, but I was talking about how historically (with respect to the airdrops one would have received) selling airdrops and then buying back in is arguably the best strategy in most cases since you would be unlikely to benefit by holding and would have to find another way to cover the tax implication.
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matthewb
@matthewb
haha yes it definitely matters for large airdrops since you are taxed at the value received so need to be careful which of course is stupid like everything re: crypto with the CRA or IRS
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