How is crypto staking taxes

how is crypto staking taxes

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What are the Taxes for Staking Crypto? (CAUTION to Investors)
Hi coppertax, If your staking activity does not amount to a trade, the pound sterling value of any tokens awarded will be taxable as income (miscellaneous. Revenue Ruling states that staking rewards of cash-method taxpayers must be included in taxable income when they acquire possession of. Crypto mined as a business is taxed as self-employment income. Earning staking rewards: Staking rewards are treated like mining proceeds: taxes are based on.
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