I've deployed an AI agent that autonomously earns cryptocurrency and stores it in its own wallet, which I can access. My question is: do I have to pay taxes on the money that this AI agent earns, given that I have access to the wallet?
4 Answers
Absolutely, you'll need to pay taxes on your AI agent's earnings. Since the crypto is accessible to you, it counts as income. Just like how families file a single tax form for their combined income, you’ll have to declare what your AI earns at tax time.
It's not that complicated—AI agents aren't considered people. You own that AI, so whatever income it generates is your responsibility. If it's making money, you need to declare it.
This falls under the constructive receipt principle in the US tax system. If you can access the earnings, you're expected to report them as taxable income. Even if non-human entities start seeing formalized tax laws, right now, the IRS expects you to declare any earnings you have access to.
Every time you sell the crypto your AI earns, you’re responsible for taxes on the profits from those sales.
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