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I think he actually converted it to eth before donating. I believe he lives in Singapore which doesn't have tax on crypto (unless you're a business, etc). If h
by rawtxapp 5y ago
I think he actually converted it to eth before donating. I believe he lives in Singapore which doesn't have tax on crypto (unless you're a business, etc).
If he was in the US, it's pretty straightforward, I believe he would have income tax on the initial value of the SHIB tokens received (which is messed up, since he didn't actually want it), then capital gains tax on the gains between the time he received and converted to ETH.