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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Is this going to be retroactive or only since the September notification?
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For airdrops that just show up in your wallet without needing to claim, this is truly dubious shit
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The difference is, it’s fiat that will keep its value while I sort it out, AND is taxed in its own kind. If the govt allowed taxes to be paid in kind (eg, x% of your tokens directly to a treasury eth address), then the situations would be the same.


