#uscryptostakingtaxreview 🔍 Current Tax Rules $SOL

IRS 2023 Guidelines (Revenue Ruling 2023-14): Rewards from staking must be included in total income immediately upon receipt.

Sale Phase: If sold later, capital gains tax must be paid again.

Outcome: The same reward may be taxed twice, criticized as unreasonable.

⚖️ Reform Trends

Congressional Action: 18 bipartisan representatives (led by Republican Mike Carey) sent a letter to the IRS requesting a revision of the rules before 2026.

Proposal Details:

Rewards should only be taxed upon sale, avoiding double taxation.

Consistent with the tax treatment of traditional securities.

Supporting Legislation: The draft also includes measures such as tax exemption for stablecoin transactions below $200, and delayed taxation for staking and mining rewards.

📈 Industry Impact

Investors: If the reform succeeds, the tax treatment of staking income will be clearer, reducing compliance burdens.

Industry Development: It will help maintain the U.S. competitiveness in the crypto space, avoiding talent and capital outflow.

Risk Points: The reform has not yet been finalized, and current rules must still be followed in the short term.

📝 Summary

The U.S. crypto staking tax is currently under critical review. The existing rules have been criticized as unfair to investors, leading to double taxation. Congressional members are pushing for reform, aiming to introduce new rules by 2026 that will tax staking rewards only upon sale. If the reform is implemented, it will significantly improve the tax environment for the crypto industry.