- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Crypto Sacrifice - cap gains loss or other tax treatment?
Hi, I sacrificed $2000 USDC for a coin to make a political statement; I had no expectation of any benefit. Some 15 months later I did receive different coins due to the sacrifice (this is an airdrop). I can't find anything on the web which says how the IRS treats a crypto coin sacrifice. Can consider this a capital loss as the asset was given away in exchange for nothing in return?
If you have any links explaining how this is treated tax-wise, that would be appreciated.
Thank you ~
‎July 23, 2023
4:46 PM