Post
Topic
Board Altcoin Discussion
Re: receiving coins from ICO is taxable?
by
zeze18
on 29/07/2018, 15:03:57 UTC
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


[/quote

But who can ask us for tax in crypto ?
Every wallet has anonymous ownership, so we can choose not to pay tax and also, from sending the tokens we've already pay tax as a transaction fee