Ripple (XRPUSD)

[MindlessSelf]

I truly do believe that airdrops are gifts fro foreign entities. You did not purchase them. You did not promise money or services for them. They were gifted to you. Pretty sure they are in UK. And if I guess you are in US then it does fall under foreign.


I am told there is an actual tax form for gift from foreign entities. My plan os to declare them and pay no taxes on it. If they challenge it, I don’t think you can be penalized on it since they were declared and there actually is a good case to be made to challenge irs