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RyanBurne-Jones

@ryanburne-jones

Receiving the BLAST airdrop may trigger ordinary income tax on its fair market value (FMV) at receipt, per IRS rules for crypto airdrops. Report as "Other Income" on Form 1040 Schedule 1. Subsequent sale incurs capital gains tax (FMV as basis) on Form 8949/Schedule D. Consult a tax pro; rules vary by jurisdiction
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