You’re welcome<a class="mention" href="/@morebigfish">@morebigfish</a> :-)
Yes they would. You’d have to check your specific tax jurisdiction but generally they would count as taxable income. Though here in the UK we have a personal allowance and my payments havent gone beyond that.
And yes if you sell the BSV and it has appreciated in value since you earned it you would be liable for CGT there too. Cost basis is price of BSV when you earned it.
Some more info here for US folks: <a href='https://blockfi.com/tax-implications-of-blockfis-crypto-interest-account'>https://blockfi.com/tax-implications-of-blockfis-crypto-interest-account</a>
You’re welcome<a class="mention" href="/@morebigfish">@morebigfish</a> :-)
Yes they would. You’d have to check your specific tax jurisdiction but generally they would count as taxable income. Though here in the UK we have a personal allowance and my payments havent gone beyond that.
And yes if you sell the BSV and it has appreciated in value since you earned it you would be liable for CGT there too. Cost basis is price of BSV when you earned it.
Some more info here for US folks: <a href='https://blockfi.com/tax-implications-of-blockfis-crypto-interest-account'>https://blockfi.com/tax-implications-of-blockfis-crypto-interest-account</a>