Are these free UNI gonna be taxed

are these free UNI gonna be taxed

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If you're in the U.S., yes. Any kind of crypto reward is taxable.

fuck. receiving it alone is taxable? or just selling it?

im seeing conflicting things in my research but most say just receiving it as a “gift” (idk if this counts as a gift) wont be taxed

what if im a eurochad

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How are you gonna pay tax if you wont sell?

these are gifts from god

uniswap to moneros sirs. 1 tax skip a week is ok.

Get taxed for receiving then get taxed for selling lmao

Imagine being Amercian, you guys are the least free people in the world.

>1 tax skip a week
kek

If you cash out, you're taxed. why do you think "Never Selling" is a thing?

>H0E

top is in

stfu faggot

Nah bro. It's FREE money. don't worry about taxes

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Should have been living a 3rd world country that barely functions. Can't be taxed on what they are clueless about.

Taxable as income the moment you claim the airdrop, so you basically owe uncle sam $500 right now even if this shit crashes to $1 and its only worth $400, thats why I dumped mine.

only for you

Not sure about that. Who knows what the starting price was exactly? ATL is $1 so $400 airdrop.

bullshit idiot. it's only whatever goes into your bank account from your cex account

Even if you don't sell you're taxed

I think you can ignore the first $4k income of the year but everything else is taxed.

It's about when the airdrop entered your posession. If it entered at $1 then you owe tax on $400 income. If it enteted at $4 then you owe taxes on $1600 income evrn if you don't sell.

When Oprah gifted everyone in her audience a car 20 years ago they had to sell it to pay the taxes in them.

Are you pulling this out of your ass? Makes no sense. Then when you sell you'd be taxed again.
So that's like -50% right there.

Are our ssn tied to our eth wallet addresses or ?

If you're from the UK the Queen gets 200 of your 400 UNI.

Tax fud is the lowest tier fud. Bro I don't even know what a crypto currency is. Now fuck off

Technically it was received the moment the distribution contract was deployed, not when you claimed it. At that time, UNI had no market price, and therefore the airdrop's value was $0.

50% tax? Are you that retarded? If It crashes just sell and write off the loss the next time you do taxes. Are you under 15 or something?

No. You are only taxed on gains. If you already own the 400 uni and sell it at the same price it was given to you at then you don't pay extra taxes. Profits are only taxed at the start of the new year so if you grabbed the 400 uni at $2 and sold it at 2$ you still only made a total of $800 and that $800 gain is taxed

He's a shitposter, hence the.

>you still pay 500 on a 400 dollar profit

That's literally not a fucking thing in capital/property gains, you do not pay taxes on a loss. This is why Bill Gates and Donald Trump and Elon Musk and a fuckton of other billionaires were able to get away with paying 0 taxes for years because losing a billion on stock games but then rebounding means you pay no taxes on the rebound or the loss.