Post
Topic
Board Legal
Re: Has anyone sold BTC won here in sig campaigns? how does tax work?
by
Maheshkumar_Hrangkhawl
on 05/01/2018, 11:02:34 UTC
In this case, you can't show the profits as capital gains. You received the coins as salary. So when you sell your coins for fiat, you are required to pay the income tax rather than the capital gains tax. But it is a bit complex. I am not sure whether the tax calculation will be based on the exchange rate at the time of the sale, or the one at the time when you received the coins as salary.