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The News Crypto 2023-08-01 11:13:49

IRS Demands a Slice of Staking Rewards Under New Tax Reform

According to a recent ruling from the United States’ highest tax body, cryptocurrency holders are required to include staking rewards in their gross income for the year they were earned. Internal Revenue Service Revenue Ruling 2023-14 was released on July 31. It clarified the tax treatment of profits from staking

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