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).

• 2023-08-01
• Internal Revenue Service fair market value

Nervous About Crypto Taxes? Donate Your Profitable Holdings Instead

If you hold crypto that has appreciated in value for more than one year, you won't need to worry about paying capital gains taxes and you’ll reap the benefits of one of the most generous deductions in the tax code, Adam Nash writes.

• 2023-04-18
• capital gains taxes capital gains tax Commodity Futures Trading Commission deductions fair market value crypto