Ripple (XRPUSD)

[MindlessSelf]

Digital asset perspectives interviewed a crypto tax expert and he isn’t buying the argument that burning a small amount of spark at each airdrop constitutes a purchase and there makes the drop not taxable income.

This is crazy. We all report to same irs yet no one can agree. I mean flare is going to operate under this notion they don’t owe taxes on this. Now imagine what % they may hold and what potential taxable income exposure they may have plus penalty if irs chooses to go after them. And if they do and get a hold of that snapshot, they got every one of us.