14
Question about taxes (monero.town)
submitted 3 years ago by to c/monero@monero.town
11 comments fedilink hide all child comments
 

If I donate XMR to e.g. the developers of a free software project, how are taxes handled? Is the developer assumed to report his profits to the state and handle the taxes or do most devs just keep 100% of the donation?

If it would somehow be made public that I donated x amount to a dev and that neither of us payed taxes, would the dev be taken accountable or me or both of us?

you are viewing a single comment's thread
view the rest of the comments
[–] 3 points 3 years ago (1 child)

Well, the recipient if they're paying taxes would report it, but they can't prove who gave it. If you give your name they can. If it's a charitable donation you'd probably want to to write it off.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •