4 ms·

So you have to make the bot first and then be awarded the grant?

• dsp1234 10y ago
  I wonder if they are calling it a grant for tax planning purposes.
  • johnieeboy 10y ago
    I thought the wording was a little bit strange. You could be right. What would be the implications for me as a developer to receive a grant?
    • rubidium 10y ago
      It depends on if it's you or your company. For academics, when you get a fellowship or grant that must be recorded on the 1099-misc in the united states. And you pay full taxes as an independent contractor. I am not a lawyer nor am I an accountant. This is not legal or tax advice :)
• kome 10y ago
  it's a prize, not a grant. but grant just sounds better...
  • dsp1234 10y ago
    Good news, everyone! This year, Pavel Durov will be giving away one million dollars to bot developers in the form of grants starting at $25,000 each. Note that 'grants' is bolded in the article. A grant is not a prize, and a prize it not a grant. So it's one or the other, and since what they are doing would normally be called a prize (or reward), the fact that they specifically mention grants is likely because it has special significance. It's like if I say to my uncle, "I'm giving you a gift of $10,000 in the form of a loan. Enjoy your $10,000". A gift can't be a loan, and a loan can't be a gift (for tax purposes). But I might say that, because the tax treatment for loans and gifts are different. So that goes to my question of whether or not calling it a grant has tax significance.