There's a difference: Gained vs Redeemed vs Sold or Exchanged
IRS has offered to refund taxes paid on rewards gained - but not redeemed - from staking
Tokens attained through proof-of-stake protocols are taxpayer-created property and should not be taxed until sold or exchanged
SCOOP by @caseywagnerr
In a cryptocurrency win, the IRS has offered to refund a couple for taxes paid on rewards not redeemed from staking
blockworks.co/sources-in-win…
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@CelsiusNetwork What's the reason for excluding stablecoin loans from Swap? "you must certify that you will NOT use the Swap feature using loan proceeds"
It'd be great not having to send Stablecoins out, just to buy other crypto, to then send it right back to Celsius with fees along the way 😞
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