Submitted by: Garlon Lain
I keep hearing conflicting information on when the IRS taxes vested crypto. I purchased several thousand Atla tokens in March of 2024 during a founders round to raise funds for a blockchain project. (Purchased with post tax funds not in any IRA) The tokens have a 18mo cliff and a 12mo vesting period which starts this August with the 1st 8.5% of the total becoming available to me to sell/trade. My question is..am I taxed on the value of the tokens at the time of release whether I sell or not…or when I sell/trade? Also, does my STG/LTG clock start on my original purchase date or on the release date each month. Please set the record straight.