Re: receiving coins from ICO is taxable?

Quote from: sv624 on April 20, 2018, 05:59:44 PM

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 my country receiving coins from ICO is not taxable yet because our government not yet recognized bitcoin or altcoins and there were no laws provided to get paid tax of the coins that we earned in ICO projects. Even if you sell your coins you did not required to pay tax with it but you must pay the transaction of the trading process in converting it into real money, but this is only in my country I don't really know about the others.