Quote from: JJ12880 on March 13, 2018, 01:29:48 PM

Quote from: MrSunshine on March 13, 2018, 10:42:54 AM

Quote from: SatyrA on March 13, 2018, 09:32:15 AM

Tax law concerns? It is funny. RADS is not a money. They are tradeable token and nothing guaranties they preserve market value. It may even dropped to zero. Just pay tax from conversion to fiat on common basement.

In the US all RADS rewards are considered income (for the typical holder anyway), and any sales capital gains/losses. This is the way I reported it on my tax returns.

yes, that is the correct way to do it, from what I understand for US tax laws. The current tax situation is terrible, and needs to be clarified fast.

Actually it is treated similar to stock paying dividends. I seriously doubt the laws will change anytime soon unless we start electing crypto friendly people to government.