What’s the airdrop price of these ENS tokens? Whatever you grab them at or what?
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No you just claim them. How much you get is a function of when you registered an .eth domain not market price when you claim
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i grabbed them already. Trying to figure out what I’d need to claim for income. Haven’t seen clear guidance on how the price is set. Airdrop time or claim time.
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Oh only if you sell them. The basis price is zero for you. The profits if you sell are pure capital gains
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I’ve done this with airdrops a few times. It’s the safe/conservative way to account. The taxable event is selling not receiving.
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Okay, this would be new then. But in previous cases (eg ETC fork) there was literally no liquidity to mark-to-market. I still have random OMG sitting around somewhere. Some cases I don’t even know I have them.
Plus I would argue you get an unrealized capital gains effect here.
I guess if I do it this way, I’ll have to look at some back-aggregated price estimates for the first few hours after the drop. When I accepted it was worth ~7k according to whatever DeFi pool metamask uses. But then I guess if I sell the difference is capital gains?
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It’s even crazier if the coin crashed because you can only take $3k in losses.


