time to explain to my accountant where all the free money is coming from lol

I feel like the physical analogue to an airdrop is a “gift”

And something wild I didn’t know about US tax law is that by default the *donor* of the gift is responsible for paying the tax on it (sorry @jacek)

cypherpunk wannabe, engineer working on @frames /open-frames /opencast
https://stephancill.co.za create stories at https://stories.steer.fun

building /bracket | hosting /greatbooks + /gray | ex-BCG, ex-PHD | poli + phil + econ

I used to rack my brain and have long discussions with accountants about this stuff - not worth the stress and legwork

I’ve come to terms with the interpretation that in the vast majority of cases when you receive money in crypto without paying for it it’s income