So to confirm, I have to pay tax twice on staked or mined crypto, when it’s received and when it’s sold ?
example. I received 1 token, its value when staked is $1, I sell it at $10 in less than 1 year:
Staking event: $1 x 40 % = 40 cents
Sell event: $10 x 40% = $4
total taxed $4.40
actual profit $5.60 i get to keep?
