IRS may not tax staking rewards until sold -Breaking
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A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an end with the Internal Revenue Service (IRS) agreeing to issue them a refund.
It is possible that the decision will set an example for how future taxation of crypto reward earned from staking could be done. Presently, Proof-of-Stake rewards for staking are considered income and tax is payable when they are earned. According to new research, they will only be subject to tax if the item is sold for USD.
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