Laslo received crypto coins from an airdrop. How will de determine his basis in the coins? A. Coins received in an air
Posted: Fri Jul 01, 2022 8:25 am
Laslo received crypto coins from an airdrop. How will dedetermine his basis in the coins?
A. Coins received in an airdrop are only treated asordinary income. There is no basis for them.
B. Laslo's basis is equal to the FMV the day before theairdrop.
C. Laslo's basis is equal to the FMV on the date hedisposes of them. Therefore, coins received in an airdropnever show a gain of loss.
C. Laslo's basis is equal to the FMV at the date and timehe constructively received the coins.
A. Coins received in an airdrop are only treated asordinary income. There is no basis for them.
B. Laslo's basis is equal to the FMV the day before theairdrop.
C. Laslo's basis is equal to the FMV on the date hedisposes of them. Therefore, coins received in an airdropnever show a gain of loss.
C. Laslo's basis is equal to the FMV at the date and timehe constructively received the coins.