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IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

Posted on 08/01/2023

IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

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 ruling issued Monday by the Internal Revenue Service (IRS).

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