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IRS Says Staking Rewards Are Subject to Taxes in Year the Investor Gets Control

A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a r...

https://www.coindesk.com/policy/2023/07/31/irs-says-staking-rewards-are-subject-to-taxes-in-year-the-investor-gets-control/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

1c
Carlos 2y ago

Well I don't know. If the SEC says everything except bitcoin is a security... and if someone is making money from illegal unregistered securities... then how and why should a government be collecting tax on it?

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