In the USA, aussming I was to transfer Solana token from my Phanton wallet and stake Solana token via Helius (native staking) or JITOSOL (liquid staking), is that transfer considered a sale of the original Solana and subject to capital gains tax? I want to know both means of staking, native and liquid.
I could not log into by Intuit Turbo Tax account even after resetting the password several time.
Jimmy [removed]
[email address removed]
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Some cryptocurrency information that is downloaded may qualify as ordinary income (native or liquid) on the Federal 1040 tax return.
The IRS has ruled that staking rewards only become taxable once the taxpayer "acquires the ability to transfer, sell, exchange, or otherwise dispose of the cryptocurrency."
A capital gain or loss will result from the disposal of cryptocurrency: