What are the tax implications of receiving franked or unfranked dividends from cryptocurrency investments?

1 answers

• Jose SamuelSep 15, 2020 · 5 years ago
  As an expert in the cryptocurrency industry, I can tell you that the tax implications of receiving franked or unfranked dividends from cryptocurrency investments can be complex. While I can't provide specific tax advice, I can give you some general information. Franked dividends are dividends that have already had taxes paid on them by the company distributing them. This means you may be eligible for a tax credit or refund. Unfranked dividends, on the other hand, have not had taxes paid on them and are typically subject to your regular income tax rate. It's important to consult with a tax professional who specializes in cryptocurrency investments to ensure you comply with the tax laws in your jurisdiction. Remember, tax laws can vary from country to country, so it's crucial to seek professional advice.
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