Replies to post #28938 on Ripple (XRPUSD)

[MindlessSelf]

I’m not sure how this will be reported for taxes. What a nightmare. Last time I sold all my xrp at year end when the lawsuit was filed so I just reported the capital gains tax on the sale (which resulted in a loss)

Now I bought it all back and more. Initially i thought I didn’t have to declare anything because if I haven’t sold anything yet, but all this debate about flare and airdrops has me second guessing how this will be handled.

[MindlessSelf]

I am getting weekly emails of how much interest I have earned on Nexo valued in USD. So they are recording interest value at time of transaction somewhere that we could use for declaring

[MindlessSelf]

What is great about Nexo is if xrp shoots up to $10 and beyond some day, we are not going to want to buy anymore out of pocket because we were getting it back in tbe day for 0.30.

Nexo allows us to keep growing our xrp daily no matter how high the price gets

[ap17]

As of now NO ONE absolutely NO ONE is sending dick, 1099's etc....for anything crypto...............THUS I will report IF and ONLY IF the IRS and myself(BOTH) get 1099's.
(former employee)