Okay so I have a small complaint and I just want to get this out there.
I bought in on SHIB at 5 zeros, then the price went up to where we are now roughly.
I Staked all my SHIB on the website and it gave me xSHIB… this created a taxable event and now I have to pay capital gains on all of it without having sold or cashed out any money. I feel like this is something that shouldnt be taxed but because its considered a trade im backed into a corner. Any advice?
Also roughly 150million SHIB fully locked down on the website for more than 6 months now and I have no plans to sell until we hit that dollar mark.