#SGB (#FLR) #Airdrop was September 16th.
It's November 5th, and kraken says "significantly later"
If you are on Kraken or other late adopters, and expect to receive the airdrop in 2022 I'd suggest closely monitoring the price and contact a tax professional for planning.
It's November 5th, and kraken says "significantly later"
If you are on Kraken or other late adopters, and expect to receive the airdrop in 2022 I'd suggest closely monitoring the price and contact a tax professional for planning.
https://twitter.com/krakensupport/status/1456640791808466956
Starting price on exchanges was $0.28 so some will recognize ordinary income at $0.28.
Currently we are seeing it trade at $0.45, a 60% increase.
1,000 SGB received can be $280 in income for those who claimed on early exchanges OR $450 if kraken #DropsItAll right now.
Currently we are seeing it trade at $0.45, a 60% increase.
1,000 SGB received can be $280 in income for those who claimed on early exchanges OR $450 if kraken #DropsItAll right now.
For someone with an $XRP balance of 20,000 this means: (3060 $SGB)
A $857 taxable event or if $SGB gets to a $1 before
the kraken releases (pun intended) $3060.
A $857 taxable event or if $SGB gets to a $1 before
the kraken releases (pun intended) $3060.
Those who have small balances can offset this gain with excess capital losses.
This means if you are in a position to take a loss on a #crypto its tax advantaged to take that loss in the year $SGB becomes taxable to you.
$3,000 in losses/yr can be used against ordinary income.
This means if you are in a position to take a loss on a #crypto its tax advantaged to take that loss in the year $SGB becomes taxable to you.
$3,000 in losses/yr can be used against ordinary income.
Other's with more significant gains should reach out to me here and schedule a consultation. corridor-consulting.com/engage-us/
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