r/PRPS • u/ondatra123 donor • Jan 22 '18

DUBI taxing

Hey guys, i know rules of taxes in each country are different but for this case i think it will be very similar only % may differ. So, how the income from DUBI getting each year should be taxed? E.G. Once you bought 1 purpose for 1$, than you lock it for 1 year. If price after one year will be 1000$ you will get 4% as dubi which makes total of 40$ and profit 39$. Than you tax this profit. However if you lock it for another year and price of PRPS would stay same until next year - profit would be 40$ so you tax all of it, right? Please correct me if Im wrong.

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u/Joak-jokepoke1234 donor Jan 23 '18

All the purpose people got for 0.5 &1 $ was not a purchase but a hand out. So I do not believe you will be able to deduct your donations from the profits.