Coinbase is offering their
Coinbase Members: $3 CHZ Token (
Chiliz) for
Free when you '
Watch 3 Videos' and answer a the quiz questions via
Coinbase Website or Mobile App [
iOS or
Android] or when following the instructions listed below.
Thanks to community member
Honest-IJM for finding this deal
Note, must login to your Coinbase account w/ a
verified ID to proceed w/ this promotional offer
Additional Token Quizzes are also available in the Coinbase Rewards section
Deal Instructions- Click this link here then sign in to your account [Join for Free]
- Click this link here to visit the Coinbase Rewards Section or select Rewards Section from Coinbase App
- Under CHZ section, watch the following 3 videos to earn $1 CHZ per video for $3 CHZ
- What is Chiliz? (1 min video)
- What is the CHZ token? (1 min video)
- The future of Chiliz (1 min video)
- Complete these to earn your full token/credit to your account
- Note, you will need to verify your ID/identity, once identify is verified, your credits will be deposited. Also, verifying your identity will also earn you $10 in BTC for first time users
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2nd, i'm not a financial advisor, but the moment you earned that $3, you already owe taxes on it this year, because you didn't buy that $3 with your own money.
3rd, when you sell it, you owe the difference between the original $3 that you already paid taxes on and the price that you sold it as. dont double tax yourself
if you bought that crypto with your dollars then yes that is true, when you sell (or convert) you pay on the profit.
if someone gave you something, you pay at receipt, just like a normal stock. you dont pay for taxes when buying a stock, but if someone gifts you $100,000 in stock, you ofcourse have to taxes when you got the stock. then if your stock goes up (or down) when you sell, you then calculate the difference from the initial $100k. otherwise parents can just give their kids stock/crypto and not pay any tax.
in this case, papa coinbase gifted you $3 in crypto
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It's under $600. Doubt you're getting 1099d for it. De minimis income i think is the correct term?
if someone gave you something, you pay at receipt, just like a normal stock. you dont pay for taxes when buying a stock, but if someone gifts you $100,000 in stock, you ofcourse have to taxes when you got the stock. then if your stock goes up (or down) when you sell, you then calculate the difference from the initial $100k. otherwise parents can just give their kids stock/crypto and not pay any tax.
in this case, papa coinbase gifted you $3 in crypto
De minimis awards cannot be cash or equivalents.
Incorrect. What happens when you have an account that pays you $8 in interest for the year? Yup cash and it's de minimis
What happens is you're required to report that $8 on your tax return, even if you don't get a 1099… now if the IRS would know, that's a different question…
Sounds like you might be able to get away with 50 cents or less, round down to zero lol
https://www.usatoday.co
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But I could be wrong, any tax experts here on the free crypto offers that coinbase offers?
only a few bucks, I don't think the fed would mind. if it's like hundreds of thousands or millions then it's gonna matter
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Up around 35% today!