Replies to post #29748 on Ripple (XRPUSD)

[WiseYoda]

Ill have to look into this. Thank you very much for the feedback on this as this has been a cause of concern for me.

[JaMoS9812]

Seems like we should just acquire the current FMV as a cost basis upon drop. I hate how they try to tax you for unrealized gains on dropped coins when you haven't even done anything with them. the IRS is a joke anyways.

[KC01905]

Do we even know the anticipated price of SOLO? According to my calculations if I managed to move all of the XRP over I have available and do the calculations correctly … I would only receive around 8k SOLO tokens. So what would the anticipated worth of that be? This isn’t a one for one drop … it’s a fraction to one drop. Like .20 for every XRP I believe isn’t it?

[KC01905]

So I am in process of setting up my xumm wallets (and just in time … Did you hear about the VGB airdrop? I think that’s it. They match one for one on XRP for up to 1000 XRP. You can validate your wallet through one of the hyperlinks on a FB discussion.).

Anyways I guess my question is can you register exchange balances through this wallet or does everything need to be moved to a ledger and registered that way or can you register say an Uphold or Nexo address without moving all of your tokens around if that makes sense.