15.8 C
Manchester
June 12, 2025
IRS: Frozen Crypto Rewards Taxable Regardless of Account Lockdowns
Bitcoin

IRS: Frozen Crypto Rewards Taxable Regardless of Account Lockdowns

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IRS: Frozen Crypto Rewards Taxable Despite Account LockdownsCrypto rewards obtained earlier than an account freeze are taxable within the yr they’re obtained, even when holders can’t entry their funds later, the IRS says. IRS Clarifies Tax Guidelines for Digital Belongings in Locked Accounts The Inside Income Service (IRS) issued a memorandum in October, addressing the tax obligations of digital asset rewards in accounts […]

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