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/biz/ - Business & Finance

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27793165 No.27793165 [Reply] [Original]

This fucke hard forked last year. As a 500k bag holder, how am I supposed to report a hard fork? I never sold, only bought in one transaction.

>> No.27793219

>>27793165
Just paste the new contract into wherever and new token will appear.

>> No.27793343

>>27793219
That's not the question. I have the forked coins. I'm trying to figure out how I'm supposed to report this. Is it capital gains? Just straight income? Is it income from the exact moment I took the forked coins? If that's the case why shouldn't I just sell now to save myself if it dumps?

>> No.27793835

>>27793343
Dont pay taxes ezpz

>> No.27794214

>>27793343
You had 100 PRQ-1 that you bought for 1 dollar
Then you got 100 PRQ-2 for free
You sold your PRQ-1 for 0 dollars, or reported it as stolen/lost
You report 1 dollar loss, and whatever 100 prq-2 was worth when it was airdropped. Should end up being the same as if it never happened desu, so just report it as if it didn't is what I would do.

>> No.27794682
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27794682

>>27793343
It's not going to dump. It's primed for the next leg up any hour now. Sorry I misunderstood. I thought you were just a retard.