Jarrett v. U.S Lawsuit: The Future of Crypto Staking Income Taxability
A few months ago, we discussed how staking rewards are currently taxed. In that article, we noted that under current IRS guidance we can discern
December 30, 2021
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A few months ago, we discussed how staking rewards are currently taxed. In that article, we noted that under current IRS guidance we can discern
You are able to write off worthless crypto and NFTs if you can show you have permanently discarded them. The simplest way to do this
Before reading this article, we suggest first reading our previous articles on NFTs and P2E gaming. While they’re of course different topics, several of the
Rewards from blockchain games are likely taxable – either as hobby income or as business income. Making Money Just by Gaming We’re going to take
Gaming NFTs vs. Art NFTs In our last article we discussed how digital art NFTs are taxed. Some of those principles will be true for
In our last article on NFTs we noted how the different use cases for various NFTs may affect how they are taxed. NFTs that have
At this point there has not been any NFT-specific guidance issued by the IRS. Their taxation will vary based on future guidance and likely the
It is very unlikely that crypto investors will qualify for “Trader Tax Status” (TTS) on their tax returns, although it is not impossible. Day Trading
Update: since we originally posted this article, the crypto market has shifted considerably. Celsius and Voyager have both stopped allowing withdrawals and other exchanges are
Tokens received from hard forks are taxable income if a new token is received as a result of the hard fork. Hard Fork Taxation We
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