Taxation of Cryptocurrency The IRS recently issued Rev. Rul. 2023-14 which offers guidance on the tax treatment of rewards cryptocurrency holders may receive from proof of stake blockchain validation. Under the recent IRS guidance regarding the taxation of cryptocurrency, cryptocurrency holders who engage in proof of stake blockchain validation will recognize a taxable gain when
Tax On Cryptocurrency
Tax On Cryptocurrency
Cryptocurrency and Capital Gains Tax Bitcoin quietly made its appearance on the world stage in 2014. Initially, cryptocurrencies were merely obscure novelties. They were discussed by niche circles in tech and academia, if at all. It was only with the arrival of significant gains in 2017 that Bitcoin, and the cryptocurrency space as a whole,