>>29749138
>if you had 10,000 delegating bought at .1 and you send 10,000 over to fUNI at .65, congrats you incurred a capital gains tax on 6400 just got doing that. god bless america. fortunately the mere act of moving them this way counts in reverse, so if fanties keep dropping you can just do a quick mint/unmint to occur capital gains losses. this needs to be done within the same year.
if you mint and occur said 6400 worth of taxable capital gains, and then it dumps and you hold the asset and never sell, you still owe for those taxes, unless you trade that asset at a loss, and you wanna do that during the same year.
This is absolutely fucked. Still I can stomach the minting tax, I was asking about swapping between fUSD and wFTM, that isn't taxable other than the lump sum capital gain correct?