IRS Rules Crypto Staking Rewards Are Taxable, Impacting US Investors
The US Internal Revenue Service (IRS) has reaffirmed its stance that cryptocurrency staking rewards are taxable at the time they are earned. This decision comes amid an ongoing lawsuit filed by a Tennessee couple, Joshua and Jessica Jarrett, who challenge the IRS’s tax treatment of Tezos network rewards. IRS confirms gambling rewards are taxable when…