>have to pay income tax on $37,000 worth of FORTH airdrops thats now worth $7,000

ΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛΛ

Attached: wojak7.jpg (700x688, 152.79K)

Do the capital losses not offset the gains?

>taxes
>on crypto

Attached: 1627026925023.png (610x590, 151.38K)

hopefully some of mine will but airdrops are income tax, so now my bracket position is jacked up

too late to hide it, im brown bread

who did you think was behind the scam?

Now you know.

>airdrops
you deserve it just for being an applefag

yeah but you got FORTH Tokens and not 37k USD so u need to pay taxes on the amount of forth tokens u got and the price when you sold them.... not some shitty wizard magic

False. Airdrop income is determined as the price in USD at the time it became his.

Attached: rip.png (795x277, 23.34K)

I sold 11k worth when I first got my 21k free. Too afriad to my taxes now.

I think we are fucked bro

LOL YOU DID KYC
KILL YOURSELF YOU DESERVE EVERYTHING

do the amermutts kill themselves when some scam token airdops them 100k worth of coins that they can't actually do anything with yet sill have to pay tax on them? KEK

Attached: 1629915101561.jpg (584x584, 79.42K)

>have to pay

what if you just don't.

Why the fuck would it be taxed as regular income and not capital gains? God taxes are so fucking convoluted and stupid. And there are actually people out there who want MORE of this.

>Make a new coin worth $100k each but cant be sold
>Airdrop them to millions of trustwallets
>Everyone now has to declare $100k+ on income
Whats stopping someone from doing this?

Attached: 1648538074348.jpg (225x225, 14.3K)

>reporting airdrops
I'm sorry, but I'm just not paying my taxes LOL.

>he doesnt know

ha!

So I could airdrop you an illiquid shitcoin worth 100 trillion at the time you revive it and you’d have to pay taxes on that.

kek fucking jews

if you received them before launch its FMV is zero
its a breach