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Tag: Staking

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Crypto Staking Rewards Classified as Taxable Income by IRS: What You Need to Know

In a word The IRS has formally ordered profit from crypto marking as available pay, expanding examination on the crypto market. Cryptocurrency users, particularly those who stake on multiple networks, face increased challenges when filing their taxes as a result of the ruling. The IRS also ordered Kraken to provide user information to users who…
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