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/biz/ - Business & Finance

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20658586 No.20658586 [Reply] [Original]

>Ampleforth rebases are a taxable event and must be recorded as airdrops

>> No.20658888

Fuck that. Pay a flat 30% on whatever lump sum you cash out

>> No.20658912

>>20658888
remember, NEVER drop the soap

>> No.20658938
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20658938

>>20658586
its not fair, I didn't ask for this

>> No.20658942

>>20658912
Short term capital gains tax is 30%. If you pay that they’re not going to fuck with you

>> No.20658946

>but the IRS will GIVE you money if a negative rebase occurs
I'm all in AMPL after this

>> No.20658973

it's not an airdrop

>> No.20658991

>>20658586
lmao it's a supply adjustment not an airdrop you fool

>> No.20659005

>>20658942
30% of several million in profit?

I won't complain

>> No.20659025

>>20658888
>>20658946
>implying the IRS gives a fuck about the $400 taxable event you triggered
top kek take your meds retards

>> No.20659061

>>20659025
Im cashing out 6 figures this year

>> No.20659123

>Not in the UK
Comfy here collecting all my rebases

>> No.20659170

>>20658942
No it’s not you mong. Short term capital gains is taxed at your income level. And c2c is taxable and easily tracked as ampl is erc20. Your wallet has public transactions anyone could audit. They’ll just wait a couple years, let your tax burden gain penalties and interest then send you the letter. The coinbase AI makes it even easier TODAY for them to track and calculate your tax burden automatically. This isn’t future tech they’re gonna harvest in 2021-2022

>> No.20659189

This thing is shit, the constant spamming is really irritating

>> No.20659201

>>20658586
>airdrops
there are no transfers tho.

>> No.20659299

>>20659201
There are distributions (of property), which is what the IRS defines an airdrop as.

It's a gain, you get given something worth market (e.g. 2$) for free.

Good luck getting the IRS to agree to stock split BS on a CURRENCY.

>> No.20659417

>>20658586
who cares about taxes?

>> No.20659447

>>20659417
US-based people who can put more than two pajeets together

>> No.20659448

It's a fucking split of shares.

>> No.20659475

>>20658586
this is the funniest post i have read on biz since 2016

>> No.20659482

>>20658586
>what are stocks splits?
>neophyte young stupid fag zoomer has no idea
kys dadless fag
ps. your dad HATED you

>> No.20659507

>>20659448
It's just not

It's an offence to do a stock split and not file IRS-8397, they are not filing one everyday or they would make that clear.

Don't let biz do your taxes.

>> No.20659535

>>20659507
8937*

https://www.irs.gov/pub/irs-access/f8937_accessible.pdf

>> No.20659976

>>20658586

You are buying a percentage of the supply, not a fixed amount of tokens.

Record the percentage you buy and your base cost at that point.

Then when you sell you record the percentage you sold and its current worth.

Decent FUD but really easy to get past.