Quick answer
You are responsible for understanding and meeting any tax obligations that apply to you. The treatment of a reward can depend on your country, residence, personal status, and local law.
What to keep
- Purchase and order confirmations.
- Reward approval and processing records.
- Dates, amounts, currencies, and any provider adjustments.
- Account statements or documents provided by Polyfunded.
Common questions
Q:Does Polyfunded calculate my personal taxes?
A: Do not assume it does. You remain responsible for your own reporting and payment obligations.
Q:Are challenge fees deductible?
A: That depends on local law and your circumstances. Ask a qualified tax professional.
Q:What if I receive a reward in another currency?
A: Keep the original amount, currency, date, and conversion or transfer records for your adviser or tax filing.