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Get your taxes done using TurboTax
Hi,
The IRS released guidance on staking rewards this year. In short, staking rewards are taxable as income both when you receive (meaning having control over) it as well as when you dispose of it. Disposing could produce a more favorable tax situation as it's considered a capital gain.
Other experts have posted regarding this topic too:
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.irs.gov/pub/irs-utl/rev-ruling-2023-14.pdf
‎November 15, 2023
9:58 AM