What are the tax implications of receiving RSU at a private company in cryptocurrency?

3 answers

• May 05, 2022 · 3 years ago
  As a tax professional, I can tell you that receiving RSU at a private company in cryptocurrency can have tax implications. When you receive RSU, it is considered as compensation and is subject to ordinary income tax. The value of the RSU in cryptocurrency will be determined based on the fair market value at the time of vesting. You will need to report this as income on your tax return and pay taxes accordingly. It's important to keep track of the fair market value of the cryptocurrency at the time of vesting to accurately report your income.
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• May 05, 2022 · 3 years ago
  Receiving RSU at a private company in cryptocurrency can be a bit tricky when it comes to taxes. The IRS treats cryptocurrency as property, so when you receive RSU in cryptocurrency, it's like receiving property as compensation. The value of the RSU in cryptocurrency will be subject to ordinary income tax. It's important to consult with a tax professional to understand the specific tax implications and reporting requirements for your situation.
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• May 05, 2022 · 3 years ago
  Receiving RSU at a private company in cryptocurrency can have tax implications. The value of the RSU in cryptocurrency will be subject to ordinary income tax. It's important to consult with a tax professional to understand the specific tax rules and reporting requirements for cryptocurrency transactions. At BYDFi, we recommend seeking professional advice to ensure compliance with tax regulations and to accurately report your income.
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