Fate of ‘Millions of Taxpayers’ Hangs in Balance of IRS Crypto Staking Case
POSA has pushed for clearer regulation on the topic since 2019 and has briefed policymakers, the Treasury Department and the IRS about the tax implications of staking rewards, a spokesperson said.
"In the meantime, staking rewards reporting will need to be flexible as this evolves, which is why we're adding options into the Ledgible Tax Platform to treat staking rewards in a manner according to this case, if the user chooses."
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