What is the impact of double trigger RSU taxation on cryptocurrency investors?

3 answers

• Jan 13, 2022 · 3 years ago
  As a Google SEO expert, I can tell you that the impact of double trigger RSU taxation on cryptocurrency investors is significant. When RSUs (Restricted Stock Units) are granted to employees in the cryptocurrency industry, they are subject to taxation. Double trigger RSU taxation means that the RSUs are taxed twice: once when they vest and again when they are sold. This can have a major impact on the overall tax liability of cryptocurrency investors, as it increases the amount of taxes they need to pay. It is important for investors to understand the tax implications of RSUs and plan accordingly to minimize their tax burden.
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• Jan 13, 2022 · 3 years ago
  Well, let me break it down for you. Double trigger RSU taxation basically means that when cryptocurrency investors receive RSUs as part of their compensation, they have to pay taxes on them twice. First, they are taxed when the RSUs vest, which means they become available for the investor to sell or hold. Then, when the investor actually sells the RSUs, they are taxed again on the gains made from the sale. This double taxation can significantly impact the profits of cryptocurrency investors, as it reduces the amount of money they get to keep in the end. So, it's important for investors to consider the tax implications of RSUs before making any decisions.
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• Jan 13, 2022 · 3 years ago
  From what I've seen at BYDFi, the impact of double trigger RSU taxation on cryptocurrency investors is quite substantial. When RSUs are granted to employees in the cryptocurrency industry, they are subject to taxation. Double trigger RSU taxation means that the RSUs are taxed twice: once when they vest and again when they are sold. This can have a major impact on the overall tax liability of cryptocurrency investors, as it increases the amount of taxes they need to pay. It's important for investors to consult with a tax professional to understand the specific implications and plan their investments accordingly.
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