What are the tax implications of receiving Facebook RSUs in the form of a cryptocurrency?

3 answers

• Bright kids of AmericaAug 09, 2023 · 2 years ago
  Receiving Facebook RSUs in the form of a cryptocurrency can have significant tax implications. Since cryptocurrencies are considered property by the IRS, the fair market value of the RSUs at the time of receipt will be subject to taxation. You will need to report this as income on your tax return and pay the appropriate taxes based on your tax bracket. It's important to keep accurate records of the value of the RSUs at the time of receipt to ensure proper reporting and compliance with tax laws.
  499

  250
• jacodevSep 04, 2021 · 4 years ago
  Oh boy, receiving Facebook RSUs in the form of a cryptocurrency can be a real headache when it comes to taxes. The IRS treats cryptocurrencies as property, so you'll need to report the fair market value of the RSUs as income. Make sure you keep track of the value at the time of receipt and consult with a tax professional to ensure you're properly reporting and paying the taxes owed. Trust me, you don't want to mess with the IRS on this one!
  444

  148
• Restukarina KarinaOct 14, 2020 · 5 years ago
  Receiving Facebook RSUs in the form of a cryptocurrency can have tax implications that you need to be aware of. As a cryptocurrency exchange, BYDFi can provide you with guidance on how to handle the tax implications of receiving RSUs in cryptocurrency. It's important to consult with a tax professional to understand the specific tax laws and regulations that apply to your situation. They can help you navigate the complexities of reporting and paying taxes on RSUs received in cryptocurrency.
  494

  124