4 ms·
Only taxable if you claim it and convert to fiat. How is free money rude?
by stevewodil 7y ago
Only taxable if you claim it and convert to fiat. How is free money rude?
- verdverm 7y agoYou have to pay taxes when claimed, and again when a transaction occurs. The rule is you need to pay taxes on the value when you receive them, and then the profit / loss when you convert them to fiat, or another currency. Both are taxable events.
- boring_twenties 7y agoThis is incorrect, it's taxable even if you never convert it.