There are very huge tax implications of this airdrop for

Question

There are very huge tax implications of this airdrop for

people in the US. We will have a large unavoidable income tax event (for large holders at 37% fed plus state tax) if boba has any value at the time of the snapshot. Maybe we can set the value at $0? This also resets the holding period from privileged long term capital gains on omg token to short term on boba token. And if omg value tanks after the snapshot, we don’t even get to deduct a large capital loss because we’ve been holding for a long time from low valuations and capital loss in any case would be at capital gains rate of 20% and capped at $3k/year whereas our income tax paid on boba can be as high as 50%. @KaoPad @LeslieisHODLing @alanenya

#boba #cryptocurrency #english

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20.09.2021