The Internal Revenue Service (IRS), the leading tax authority in the United States, recently released Revenue Ruling 2023-14, providing clarity on the taxation of income derived from crypto staking.
The ruling categorizes cryptocurrency staking rewards, along with various other income sources such as money, property, and services, as gross income, necessitating their reporting in the year they were obtained.
New guidance
The Internal Revenue Service (IRS), the United States’ primary tax authority, has issued
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Author: Sarah Jansen
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