@loopify If it is, then it’s “other income” and taxable on receipt. If it’s an “initial allocation” then it’s not taxable until you later sell it. So in your scenario, would it be considered established since you have already traded it yourself?
i am continuing to raise funds for Gaza
you can donate below:
SOL: 6iohECyT5iKqa2YKwh6dXnhMQUwj1K38HQ44efutC7q6
ETH: 0x8F9aE9840a7E5982fC95442346819a47e490c752
for every 1 rt i will donate $10 up to $10K, please share!
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