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Frozen digital asset rewards constitute gross income.

Authors :
Geiszler, Matthew
McKinley, John
Source :
Journal of Accountancy; Mar2025, Vol. 239 Issue 3, p55-57, 3p
Publication Year :
2025

Abstract

The article focuses on the U.S. Internal Revenue Service's (IRS) stance that digital asset rewards from staking and other activities constitute gross income in the year of receipt, regardless of account freezing. Topics include IRS code application, dominion and control, and tax implications of digital asset rewards.

Details

Language :
English
ISSN :
00218448
Volume :
239
Issue :
3
Database :
Complementary Index
Journal :
Journal of Accountancy
Publication Type :
Periodical
Accession number :
183418070