What are the tax implications of receiving an RSU package in Bitcoin?

1 answers

• Miriam FisherAug 29, 2022 · 3 years ago
  When it comes to receiving Bitcoin as part of an RSU package, you need to be aware of the tax implications. In most countries, Bitcoin is considered property for tax purposes. This means that when you receive Bitcoin, it is subject to capital gains tax. The tax is calculated based on the fair market value of the Bitcoin at the time of receipt. If the value of Bitcoin increases after you receive it, you will owe capital gains tax when you sell or exchange it. It's crucial to keep track of the cost basis of the Bitcoin you receive, as this will determine your capital gains or losses when you dispose of it. To get a clear understanding of the tax implications in your jurisdiction, it's advisable to consult with a tax professional.
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