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sammybauch.eth
@sammy
speedtracer is receiving an @optimism grant for the /farcaster integration work i did! im not 100% sure if i will accept, need to understand tax implications with 1 year lockup, but still nice to be recognized part of it is writing a technical blog post - big shout to /indexing's @runninyeti.eth for the data pipes
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Michael Gingras (lilfrog)
@frog
Did you ever figure out tax implications? I’m curious about this too. Not much publicized from OP team for some reason
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sammybauch.eth
@sammy
one accountant suggested it would only be taxable after unlock, another said the opposite. but im not paying either of these people, so dont expect either really researched it? i also actually havent heard anything from optimism foundation about kyc at all?
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Michael Gingras (lilfrog)
@frog
I tried to reach out to compliance but haven’t heard anything. I’m thinking of turning down my grant as well if I don’t get clarity here. I did get KYCd though. Maybe you didn’t if you only requested growth grant?
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sammybauch.eth
@sammy
interesting. maybe they are re-using my KYC from the WLTA prize i won. fwiw i dont think they will answer that question for you, i think they have to say to speak to an accountant, they cant advise on your tax issues? but idek the mechanics - do they actually send the tokens and you agree to just not touch for a year?
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Michael Gingras (lilfrog)
@frog
Ya I figured the advice would be speak to a professional. The explainer https://gov.optimism.io/t/grant-token-lock-explainer/5060 is not very helpful either. It says gov token helps limit legal liability but I'm not sure how. Maybe it's not considered income until you sell?
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Michael Gingras (lilfrog)
@frog
it also says token is not intended to be used to fund the cost of the project, but that seems like they're just covering their asses. Obviously they must expect that people sell the tokens to fund operations
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