3 ms·

It’s not revenue and not reportable until you exchange the tokens for fiat currency (I.e. sell it)

• ABeeSea 5y ago
  That is completely wrong. Income is anything of value, not just cash. If you find a gold nugget in your yard, you have to pay taxes on the value of the gold even if you never sell it.
  • bildung 5y ago
    This all depends on juristication. You are correct if you implied the US AFAIK, TedDoesntTalk is right in e.g. Germany.
    • pc86 5y ago
      And even within the US this is true for the IRS but may or may not be true for the state in which the person lives.
      • 8note 5y ago
        They still owe the IRS regardless of state they live in though
        • pc86 5y ago
          That's what I said.
• deleted 5y ago
  [deleted]