Fair Market Value For Airdrop 2016 February 8

Discussion in 'Marketplace' started by Mike O'Donnell, Aug 18, 2022.

  1. 2017/12/15 - Decred v1.1.2 released! → Release Notes  → Downloads
  1. Mike O'Donnell

    Mike O'Donnell New Member

    Feb 7, 2016
    15
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    Male
    Retired University Professor
    Colorado Springs, CO
    Fair Market Value of airdrop coins appears to be taxable as income in USA. It is also relevant to the cost basis for capital gains in the future. I don't see any indication that there was a market for Decred on 2016 February 8, so I am tempted to consider the value to be $0. Can anyone point to an authoritative answer?
     
  2. Mike O'Donnell

    Mike O'Donnell New Member

    Feb 7, 2016
    15
    0
    Male
    Retired University Professor
    Colorado Springs, CO
  3. Mike O'Donnell

    Mike O'Donnell New Member

    Feb 7, 2016
    15
    0
    Male
    Retired University Professor
    Colorado Springs, CO
    Although there doesn't seem to be any way to trade Decred before 2016 February 13, coinfairvalue (https://www.coinfairvalue.com/coins/decred/) shows prices and fair values around $1 that may be relevant to February 8, or maybe to February 10.
     

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