Hi, I participate in the Drip.community network. It’s a Certificate of Deposit system where you buy DRIP and deposit it. The Deposit gets burned and you never get it back, but you receive 1% Drip daily based on your initial deposit. Do I mark the initial deposit as Cost or as Loss?
Looking forward to your answer!
Kind regards
SumpinElse
No response? I too am involved in Drip and have the exact same question.
I did something similar and tagged the burning of some coins as a loss.
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