There has been a popular post on this and other Safemoon subs asserting reflections will be taxed when received, much like “mined” coins. No hard evidence was given for this claim. The first comment contains a link to the IRS page referencing virtual currency. Please also read IRS Notice 2014-21 (also within the link). You will see there is no mention of reflections, tokenomics, cryptonomics, etc. We have no reason to believe reflections will be taxed prior to being sold. There are no expenses with reflection, like those accrued from mining. We have seen no evidence any exchanges are going to report reflections to the IRS (if you have proof otherwise, please provide). Of course, any and all sells will be reported (and the IRS will get their money from reflections either way). Reflections could potentially, be taxed similar to mined coins in the future, however we see no proof this is going to happen for tax year 2021 or subsequent years.