💸
IRS Pajaki Staking Reward
🔹 The IRS considers staking rewards as ordinary income at the moment of dominion & control — that is, when the tokens can be sold, transferred, or used.
📌 The reported value is the fair market value (USD) at the time the tokens become accessible.
🔹 After that, if you sell the reward, only then will capital gains tax apply (the difference between the value at the time received vs. the value when sold).
⚠️ This means there are two tax events:
Income tax when you receive the reward
Capital gains tax when you sell it
BNB
912.99
+0.81%