MultiversX Tracker is Live!

Scam Tokens do these affect taxes?

All Cryptocurrencies

by COINS NEWS 162 Views

Hello everyone I am still trying to figure out my taxes regarding crypto with koinly. Coins I did not even know I had are showing up and upon further research these all seem to be scam tokens. I am unsure on how to tag these on koinly, Airdropped? Will the IRS believe me when I say these were never worth anything? As far as I can tell if it does not have a fair market value I am good tax wise?

So far the coins I have gotten were LELX and MNEP on polygon, and 7MC1KWNJASCPMW1QUKDED48RSP7CE3NGXZ2YKDDBPQQE on solana. I can not find any market info on these so should I just leave the cost basis as zero?

submitted by /u/Slarhnarble
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments