The Battle to Change How the IRS Taxes Mining and Staking

Posted on by American Coins & Gold

The Battle to Change How the IRS Taxes Mining and Staking
This episode is sponsored by Nexo, Arculus and FTX US.Download this episodeTwo Tezos stakers sued the IRS to get back taxes paid on property they say they created through staking. The IRS offered to pay them back but didn’t commit to clear policy guidance. The stakers will now continue the suit, and they’re being backed by the Proof of Stake Alliance. NLW also examines a new bill that would eliminate taxes on bitcoin transactions with capital gains under $200.See also: IRS Offers Tezos Staker Refund on Rewards Tax in Break From Current Policy“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW,…