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RE: Are Hive Rewards Taxable Events?

in LeoFinance3 years ago

Here is an interesting take on it. Do we think the asset is hive power or vests? Because a vest goes up in value versus hive power I think about 3% p.a.

So if the underlying assets is vests, then you'll only have to pay tax on the capital gains in most jurisdictions (on the 3% not the curation rewards) whereas if you think the asset is hive power then you need to pay income tax on the 3% p.a increase in value of the vests.

On rewards no matter how I look at it, this is income in the current year.

Not tax advice..just my thoughts.

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