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#88 - Tax attorney Andrew Gordon answers the most common crypto tax questions.

Law of Code

CHAPTER

How to Deal With Airdropped Crypto

The IRS is generally pretty against such a treatment. But there's arguments that it could be abandoned at that time. The options generally are either not reported and considered abandoned, amend or later when you do sell it, pick it all up as a short term gain - which isn't always desirable. And we talked about how one of the easiest and most effective strategies is old long term.

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