Barrett Davis
Member
Our team is about to submit a proposal and we wondering how the tax implications are for the US. Say you get 400 dash from a proposal to pay a team of 4, 100 DASH each.. the next steps to pay your team are:
1. Dash -> BTC (exchange)
2. BTC back to coinbase or gdax to USD
3. Going from BTC to USD will be a tax hit (short-term capital gains.. right?)
So we take the first time capital gains hit and then we have to pay income taxes per employee too right?
How is dash core or marketing etc doing this?
Any recommendations would be great.. trying to do some financial planning
1. Dash -> BTC (exchange)
2. BTC back to coinbase or gdax to USD
3. Going from BTC to USD will be a tax hit (short-term capital gains.. right?)
So we take the first time capital gains hit and then we have to pay income taxes per employee too right?
How is dash core or marketing etc doing this?
Any recommendations would be great.. trying to do some financial planning