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The IRS considers staking rewards cryptocurrency if you sell it, reported, as well as any.
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The IRS considers staking rewards cryptocurrency if you sell it, reported, as well as any.
How much tax you owe on your crypto depends on how much you spend or exchange, your income level and tax bracket, and how long you have held the crypto you used. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. If you held the virtual currency for one year or less before selling or exchanging the virtual currency, then you will have a short-term capital gain or loss.
