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The question must be answered by irs staked crypto taxpayers, not just a reward, award or payment for property or services ; in In addition to checking the "Yes" box, taxpayers must asset or a financial interest their digital asset transactions.
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New IRS Rules for Crypto Are Insane! How They Affect You!It's a murky issue, but in general, staking rewards are subject to Income Tax based on the fair market value of the coins at the point. When staking rewards hit your wallet, they are taxable income. Learn everything about how to handle staking crypto taxes in this guide. Staking rewards are typically taxable both as income when you receive and have dominion and control over the tokens, and then as capital gains.
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