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USCryptoStakingTaxReview
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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
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