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Started By
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re: GameCoin(GMEX) Anybody still hodling?
Posted on 1/12/22 at 8:52 pm to TigerTatorTots
Posted on 1/12/22 at 8:52 pm to TigerTatorTots
quote:
It’s how I interpreted the IRS law and when I asked my CPA, he confirmed as well. Explain how the language I posted above doesn’t apply
So what your saying is the value of GME going from 700k to nothing then the hard fork of GMEX hitting at 700k then going down to 155k means nothing?
You still think I owe tax’s on the 700k and nothing else matters?
2
Posted on 1/12/22 at 9:06 pm to Rize
quote:
So what your saying is the value of GME going from 700k to nothing then the hard fork of GMEX hitting at 700k then going down to 155k means nothing?
You still think I owe tax’s on the 700k and nothing else matters?
Did you miss the day several cpas were talking about it in the original gmex thread?
A person taking the airdrop would get to take losses on the gme, but they woiuld be taxed at the value of the gmex at the time they had dominion over the tokens, which would have been around 3.5 cents per token.
It was a lot of fun though.
Posted on 1/12/22 at 11:11 pm to Rize
According to how the law is written that is exactly what you owe. Now I’m sure you could explain the situation to the IRS agent but I doubt that person would be able to deviate from the law itself.
The way the developers did it was void of consulting tax attorneys and completely fricked their investors
The way the developers did it was void of consulting tax attorneys and completely fricked their investors
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