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Taxation of Crypto Staking

Taxes on Staking

Staking (proof of stake) income should be recognized similar to mining income on the basis of a similar fact pattern. The taxpayer must also identify whether or not their staking activity is a hobby or business activity for tax reporting purposes. As such, income and expenses should be recognized and reported as in mining.

 

Bitcoin Tax FAQ

Is Bitcoin taxable?

How is Bitcoin taxed?

How to pay taxes on Bitcoin?

Do you pay taxes on Bitcoin mining?

When does the IRS consider crypto mining as a business?

How do I report Bitcoin mining income?

 

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