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Get your taxes done using TurboTax
Say I have 100 staked tokens that I have purchased at $1 but they are vaulted for a year (I can see the number increase but not trade or sell). Does this mean when the tokens are available to me & the value is $2, I need to recognize an ordinary income of $100 (100*2 - 100*1) or long term capital gains of 100? Please clarify. Thanks
‎January 2, 2022
9:29 PM