Bounties – Coins you received from Bounties

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Some blockchain projects use bounty campaigns to attract users for advertising or to check the software for bugs. If a deposit is actually a credit of coins within a bounty campaign, then classify it as “bounty”. The certified Cryptotax software shows these coins in the report as other income.

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Note: This classification only covers bounty revenues that have been gained within the framework of “private bounties”. Some Tax authorities distinguish between commercial and private bounties. Private bounties mean first attempts without large investments, but the boundary to commercialism is quickly crossed. Since often no clear guidelines are published, we strongly advise you to get tax advisory. An individual consultation by a specialized tax consultant or lawyer is available on request by e-mail to [email protected] or via the Premium Service in the Cryptotax web application.
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