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Though the IRS has lastly launched its proposed rulemaking, it did so almost two years after the IIJA was handed. If the digital asset ecosystem is to have readability in tax issues, it’s going to require the IRS to supply each well timed and well-informed steering — one thing it has fallen in need of doing thus far. For example, in July the IRS launched steering that stated staking rewards needs to be taxed at receipt as gross revenue. Nevertheless, this steering doesn’t keep in mind the realities and complexities of staking.
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