joy Posted May 11, 2018 Share Posted May 11, 2018 Ripple was gifted xrp Now if ripple sell xrp they need to pay gain tax ? If you gift someone token do you need to pay tax ? Link to comment Share on other sites More sharing options...
GiddyUp Posted May 11, 2018 Share Posted May 11, 2018 Most likely have to pay gift tax or something along that line - we're all waiting for clear regulation in all areas of question. That being said, one would think that the U.S. wouldn't want all the crypto business to up and move to Malta or another venue that has clarified all pertinent aspects. Link to comment Share on other sites More sharing options...
orcablue Posted May 11, 2018 Share Posted May 11, 2018 (edited) joy gifts 20XRP to orcablue orcablue gifts 20XRP to joy merry christmas? i think not Edited May 11, 2018 by orcablue joy, GiddyUp and Tiger 3 Link to comment Share on other sites More sharing options...
Hodlezerper Posted May 11, 2018 Share Posted May 11, 2018 2 hours ago, joy said: Ripple was gifted xrp Now if ripple sell xrp they need to pay gain tax ? If you gift someone token do you need to pay tax ? Excellent question. There is a gift tax above a certain number, to be sure. Very interested to see how this deal was structured. Generally you'd have to establish a market rate on the day of the gift for assets such as these, but it's possible that there wasn't much of a market for it whenever they actually became custodians, and therefore there wouldn't be much of or any tax. GiddyUp 1 Link to comment Share on other sites More sharing options...
tulo Posted May 12, 2018 Share Posted May 12, 2018 It's a very good question. I don't know the answer but I'm following... Link to comment Share on other sites More sharing options...
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