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MindlessSelf

07/26/21 1:18 PM

#28221 RE: KC01905 #28178

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.