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Get your taxes done using TurboTax
In a recent IRS revenue ruling In Revenue Ruling 2023-14, the IRS has ruled that rewards received by a cash-method taxpayer “staking” cryptocurrency in connection with validating blockchain transactions must be included in the taxpayer’s taxable income in the year the taxpayer gains control over the staking rewards.
The key is control.
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November 15, 2023
12:31 PM