Ripple (XRPUSD)

[MindlessSelf]

Who knows. They still keep the possibility open that it could be end of June + a few weeks.

We have 3 years worth of distributions so we will have to claim these foreign gifts from corporation each time. I did hop on the line and asked if there is a limit to the a
Amount of gift received before it is taxable and he said there was not. It could be 100 million and it wouldn’t matter. They will all have a 0 cost basis and full 100% will be applied towards capital gain calculation but the tax cab be paid with the proceeds at the time we sell.

This would alleviate that sale Pressure? for tax, however I was one of maybe 10 people on the call. There are so many different interpretations that I am sure some will still sell thinking it’s taxable income, and some that will probably never declare it.

I think as long as we file the correct form we are covered in the event of an audit. We will have the support. Irs will go after people who are not filing anything first