IRS Doubles Down on Immediate Staking Rewards Tax Stance

The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines. In a recent filing related to an ongoing lawsuit, the service argues that the rewards generated through staking do not constitute new property and should […]
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2024-12-28 05:30:13
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IRS Doubles Down on Immediate Staking Rewards Tax Stance