TechFlow news, according to CoinDesk, the Internal Revenue Service (IRS) has released new tax guidance explaining how and when cryptocurrency staking rewards are taxed. In a decision issued Monday, the IRS stated that investors must count crypto rewards earned through validation activities on proof-of-stake (PoS) networks as income in the year they gain control of the tokens. The guidance specifies that this rule applies equally when investors stake tokens via cryptocurrency exchanges and receive additional cryptocurrency as rewards.
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