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Bitcoinist 2022-02-03 01:41:13

IRS Will Not Tax Unsold Staked Crypto As Income

For individuals hoping to earn new tokens by providing security to large blockchains that use proof-of-stake, there may be good news ahead. IRS will not tax your unstaked crypto. A Nashville couple argued in May that tokens obtained through proof-of-stake protocols are taxpayer-created property that should not be taxed until they are sold or exchanged. […]

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