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CATEGORY: tax year


Aug 01, 2023 10:30

Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance

The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies Cryptocurrency Staking Income, Leaves Questions Unanswered Under fresh tax directives from the [...]

The post Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance appeared first on Crypto Breaking News.

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