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Spark Token Tax Fear & SEC Ripple XRP Huge Impact

Daily XRP News

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Daily XRP News
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  2. I have been telling you guys time and time again who you think you're in charge or not you can also change jurisdictions by detaching yourself from the corporation if you don't know what I'm talking about start learning your history you are no longer their slave start to study it's called the Great Awakening for a reason people

  3. Couldn't one argue the cost basis for the FLR be 1/2 the value of XRP at the snapshot? That is really when the transaction was consummated. Essentially, we receive 1 FLR and 1 XRP in exchange for $. The fact that the transaction is delayed to complete by months should not factor in. The transaction XRP => XRP+FLR) may have increase in value since the snapshot but we shouldn't have to pay taxes until sold. If must be considered income, it should be priced at the time of the snapshot which one could argue is zero or 1/2 price of XRP, not the value of the FLR when it is officially tradeable. The events happened much earlier, not when they hit one's account.

  4. Not sure if getting David s take on the taxes with the offset idea, does he mean to write off the loss, if that's what he means then it's wrong because you are only allowed to write off $3000 as a loss per year as I know

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