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.
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I think I’m going to wait and see. You and I can probably cover the losses if this goes to shit, but a lot of people will have no ability to cover that scenario.



