IRS Doubles Down on Immediate Staking Rewards Tax Stance
Submitted by Anonymous (not verified) on Sat, 12/28/2024 - 08:00
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 […]