Fnonymous56

Here are 5 major updates on #USCryptoStakingTaxReview: * Income vs. Property: IRS still taxes staking rewards as income upon receipt, not just sale. * Jarrett Lawsuit: New court challenges argue rewards are "created property" (like crops) to defer taxes. * Form 1099-DA: Exchanges must now report gross proceeds to the IRS starting 2025. * Strict Tracking: "Wallet-by-wallet" cost basis tracking is now mandatory; no more universal averaging. * Proposed Relief: Bipartisan bills are pushing to delay taxes until tokens are actually sold.$BTC #USCryptoStakingTaxReview