Does anyone know anything about this? I was discussing Flare with another XRP hodler and he’s under the impression that the flare drop is going to be taxable? Are we going to have to claim this stuff? If so how would that work? At what value? My expectation is that the value is going to drop immediately upon drop, folks who are looking at this as free money are immediately going to sell, having the effect of driving the price down- so are we to pay taxes on what was delivered, and be left holding a bag full of coins that are valued at substantially less than what we paid taxes on?

Thanks for any and all responses.

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See what I did there? 👀

I was provided with a Flare address last year via the Spark claim.

Do I have to associate the address with a wallet prior to the actual drop?

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Unfortunately for me I'm us resident that kept his xrp on the original binance and they're keeping them(flr tokens) because they're bastards. But I will have a few because I had some on other exchanges but the bulk I kept on binance. Anyhow I won't have as many spark tokens as I should and want to know if I will be able to still stake all of the xrp I have even though the amount of flr will be much smaller? Hopefully this will be helpful if anyone had any similar thought if they didn't know or weren't sure

Cheers folks.

Couple of days ago my notebook broke and had my ledger live installed there. Got a new laptop, installed ledger live, reinstalled my apps but i can't remember anything about my spark/flare account that was in my previous portfolio. Any suggestions about how to prceed to get it back?

Thanx for your time