5 ms·
I assume there would be tax issues and liabilities for these swaps if it was done through and exchange or broker. So maybe just better to hold or hodl as they s
by 1cvmask 5y ago
I assume there would be tax issues and liabilities for these swaps if it was done through and exchange or broker. So maybe just better to hold or hodl as they say.
- bhouston 5y ago100%, swapping assets, e.g. bartering, does not remove any tax liabilities on the gains received. But Fred is a smart guy and must know that. Maybe the idea is that swapping NFTs may theoretically allow one to avoid a valuation event, thus avoid any tax liabilities? That is the key idea behind this? FYI: https://sharonperry.ca/blog/why-barter-transactions-are-taxable https://sharonperry.ca/blog/why-barter-transactions-are-taxa...
- deleted 5y ago[deleted]