submitted 1 year ago by jack@monero.town to c/monero@monero.town

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If I donate XMR to e.g. the developers of a free software project, how are taxes handled? Is the developer assumed to report his profits to the state and handle the taxes or do most devs just keep 100% of the donation?

If it would somehow be made public that I donated x amount to a dev and that neither of us payed taxes, would the dev be taken accountable or me or both of us?

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[-] jet@hackertalks.com 3 points 1 year ago

Don't comingle funds! While we are talking about it, if you have a business or some revenue generating effort, use a different wallet for it. Don't mix personal money and taxable income. Your accountant will thank you, keeping these funds separate makes life much easier when doing the accounting, paperwork, audit, etc.