wait if you have a large enough bag of an overpriced shitcoin can you just arbitrarily send someone (in the US) to IRS hell? just send it to them, they can’t liquidate enough at that price to pay the tax burden, they owe millions+ foreverhttps://twitter.com/JacksonW1234/status/1392135121084379136 …
is the bag even necessary? fork a coin w/ supply of 100 billion. list on decentralized exchange. sell 1 to a friend for 1 dollar force send 100 billion tax liability
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haha holy shit ...I might try this
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hang on, I think they could claim the rest of the "value" as a realized loss after selling and write it off. unless - you send the tokens right before midnight on dec 31 and they don't sell until the new year, so the realized loss doesn't apply for the previous year
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