Topic: receiving coins from ICO is taxable? - page 2. (Read 108 times)
To search for the logic in the taxation, which is connected with the crypto currency, is useless. Everyone will have their own opinion and there will not be any sense in this. It is necessary to look at the tax laws of your country of residence and be guided by it. In my country, the crypto currency is not regulated and there is no taxation. Therefore, I still use relative freedom in this regard. However, what will be in the future, we'll see.
Hi,
In this video https://www.cnbc.com/video/2018/04/16/fundstrats-tom-lee-makes-the-case-for-a-big-bitcoin-rally-post-tax-day.html?play=1
Around 0:46 seconds thru the video, Tom Lee says that "as soon as you receive coins from an ICO, that is taxable" .
I thought when you invest in an ICO, that is taxable because the price of ETH might be higher at the time of investing in ICO than when you actually bought the ETH.
Just receiving coins from ICO should not be taxable until you actually sell the coins.
Any thoughts on this, please?
Thanks so much
In this video https://www.cnbc.com/video/2018/04/16/fundstrats-tom-lee-makes-the-case-for-a-big-bitcoin-rally-post-tax-day.html?play=1
Around 0:46 seconds thru the video, Tom Lee says that "as soon as you receive coins from an ICO, that is taxable" .
I thought when you invest in an ICO, that is taxable because the price of ETH might be higher at the time of investing in ICO than when you actually bought the ETH.
Just receiving coins from ICO should not be taxable until you actually sell the coins.
Any thoughts on this, please?
Thanks so much
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