Digital Assets
from TUFTS ON TAX Hosted by T. Scott Tufts
https://[email protected] CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Digital Assets: What Are They and When are They Taxed? Staking Rewards: What are They? Does the IRS tax them? However, a more aggressive approach is to claim that staking rewards are non-taxable in cases where rewards cannot be withdrawn. For example, some platforms gave users the ability to stake their Ethereum, but restricted withdrawals until the full migration to Ethereum 2.0. In cases like these, some investors make a claim they do not have ‘dominion and control over their coins. CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.
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