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Tag: IRS

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Ripple CTO’s XRP Staking Idea Puts IRS Crypto Rules to the Test
Schwartz argues that newly minted XRP staking rewards should only be taxed when sold, not when received.
He distinguishes newly minted rewards (taxed at sale) from transferred tokens (taxed when received).
IRS Revenue Ruling 2023-14 taxes staking rewards when received,… Read full article
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David Schwartz’s XRP staking idea tests IRS reward tax rules
Bitcoin fell toward $73,000 as over $6.25B in BTC options neared expiry, while ETF outflows and liquidations increased pressure on bulls. Read full article
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