Our commissioned tax analysis concludes that the method by which users claimed their Spark would constitute a forward arrangement such that the subsequent 85% distribution would be treated as having the same value as the initial 15% “day zero” distribution.
Flare tax advisors said above and flare just tweeted it out.
Another tax advisor said to declare it all as gift from a foreign corporation.
Both are methods to filing as non taxable income. Not sure which one is better approach.