KCS bonus income or reward?

Hello
“KCS Bonus represents a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. Those that hold at least 6 KCS tokens qualify for a daily reward that comes from 50% of KuCoin’s daily trading fee revenue”.
Should KCS bonus tag as income or reward?

From my experience so far is irrelevant. Both “income” and “reward” tags are treated in the same way regarding their taxation in most countries. However, if you want to be as tax-safe as possible and according to KuCoin’s Help Center, their KCS bonus plan is referred as a passive income mechanism so use the “income” tag (I did the same in my account):
https://www.kucoin.com/support/900000050643-KCS-Bonus-Plan

1 Like

Hey @Behnam , it’s like @kostkond mentioned, rewards and income will end up on the same page of your tax report!

Their advice regarding KCS bonus would certainly be the way to go here!