🚀 US Crypto Staking Tax Review — MUST KNOW (Viral Post) 🚀
🔥 Crypto Staking Rewards = TAXABLE INCOME in the USA!
The IRS says that any tokens you earn from staking must be counted as income the moment you gain control over them — even if you didn’t sell them yet! 💸 That means when the reward hits your wallet or exchange and you could sell it, the IRS treats it like ordinary income based on that day’s USD value. �
BDO +1
📊 Why This Matters?
✔️ You pay tax when received
✔️ Then later, if you sell, you pay capital gains tax again on any profit
➡️ That’s double taxation pain 👀 — and many investors are NOT happy about it! �
AInvest +1
📉 Real Talk:
Crypto staking is supposed to be passive income — you lock coins to help secure the blockchain and earn more tokens. But in the US, the tax system doesn’t treat it like long-term investment — it treats it like salary or interest! 😬 �
Monaco CPA
📢 Lawmakers Are Fighting Back
A group of US politicians is now pushing the IRS to rethink staking tax rules to avoid unfair double taxation and make rules clearer before 2026. They want rewards taxed only when sold, not just received — which could be a game changer for crypto holders. �
Cryptonews
⚠️ Pro Tips for Stakers:
🔹 Track every reward date & value
🔹 Save records of each reward’s USD price when received
🔹 Use software or a CPA to avoid IRS penalties
🔹 Prepare for 1099 reporting (new forms coming soon) �
Forbes +1
💬 Bottom Line:
👉 You can’t ignore taxes on staking income in the US! Treat them like income first and investment gains later. The rules might change — but for now, smart stakers report and prepare! 🚀
📌 Share this if you want your crypto friends to stop paying more tax than they should! 💥
