Unlocking the Decentralized
Hosted by cryptocurrency expert Abhinav Soomaney, Unlocking the Decentralized explores Web3, blockchain, cryptocurrency tax & investment management drawing on Abhinav’s experience in finance & accounting while also engaging with industry pioneers, technologists & investors. This show is sponsored by CryptoTax, your “One Stop Solution for Cryptocurrency Taxes.” Learn more at https://cryptotax.co.in/
Unlocking the Decentralized
Initial Coin Offerings and Its Tax Implications
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Abhinav Soomaney
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Episode 4
In this week's episode of the Unlocking the Decentralized podcast, Host Abhi Soomaney talks with Alex Massarjian, CPA, about initial coin offerings and their tax implications. They discussed how ICO investments are taxed, LTCG versus STCG when tokens are vested, and What happens when an ICO or a token loses liquidity or market demand.
Story Notes:
- Research Before Investing in an ICO
- Tax Deduction
- Delisting of cryptocurrency
- Coin Offerings and Tax Implications
- IPO and ICO
- Procedure in ICO
- Having a Tax Attorney is a must
- Factors to Consider when Investing into ICO Projects
- Rug Pool
- Minting Tokens
Learn more at https://cryptotax.co.in/
