Magna Stakeholders
magna.so
  • Magna Overview
    • Welcome to Magna
    • Key Definitions
    • Getting Support
  • PRODUCT GUIDES
    • Stakeholder Overview
    • How To Login
    • Setting up 2-factor authentication
    • How To View Your Portfolio & Allocation
    • How To View Your Allocation Details
    • How To Claim Your Tokens
    • Direct Transfer Allocations & Tax Withholding
    • How To Add, Modify, or Delete Your Wallet
    • FAQs
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  1. PRODUCT GUIDES

Direct Transfer Allocations & Tax Withholding

If your allocation says "Direct Transfer", that means that your tokens will be transferred directly by the admin to you.

You can click on the "Details" to view information about when your unlock timestamps will happen, as well as a history of past transfers.

Allocations with Tax Withholding

When tokens are withheld due to taxes, the details will show up in the "Details" page for your allocation:

  • The gross (pre-tax) token amount is shown as "Tokens Funded (Gross)"

  • The net (post-tax) token amount is shown as "Tokens Received (Net)"

    • This is the actual amount transferred to your wallet.

The details of the withholding can be seen when viewing the Allocation Details in the "Taxable Distributions" table. This includes information about the exact number of:

  • Price used to calculate gross and net value

  • Gross Tokens

  • Gross Dollar Value

  • Net Tokens

  • Net Dollar Value

  • Withheld Tokens

  • Withheld dollar value.

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Last updated 5 months ago

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