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Frozen digital asset rewards constitute gross income.
- 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