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re: GameCoin(GMEX) Anybody still hodling?
Posted on 1/12/22 at 11:11 pm to Rize
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
Posted on 1/13/22 at 7:37 am to TigerTatorTots
So.. obviously the law was not meant for situations such as this. But I agree from everything I can tell this is how the law should be applied.
Here’s a question though.. I know the top 50 wallets or so are “locked” for a certain amount of time. I think it was a tiered system where the top wallets had 90% of coins locked for 8 months.
So these people had a “realized gain” of like $15M+ but even if they wanted to sell, they could not sell more than 10% of what they owned.. how does that work?
Here’s a question though.. I know the top 50 wallets or so are “locked” for a certain amount of time. I think it was a tiered system where the top wallets had 90% of coins locked for 8 months.
So these people had a “realized gain” of like $15M+ but even if they wanted to sell, they could not sell more than 10% of what they owned.. how does that work?
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