@TokenTax Question: when supplying liquidity to a protocol to earn a token as a reward, does the token only exist for tax purposes when claimed (transferred to your wallet)? If yes, the tax effective strategy is to only claim the rewards when you're ready to spend/convert them?
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If you want to hold the tokens and you think the price will go up, it’s beneficial to claim when the price is low which locks in lower taxable income.
Fast response! Thank you! I thought if you claim at a low price, hold for a while, price goes up, then sell, you have a higher capital gains to pay. But then, I suppose regular income is taxed higher than capital gains so...
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You win if you hold for a year. Claim and then sell short term would equal the same amount of tax as if you claim and sell all at once.
Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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