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Expert Analysis

Crypto Case Failed To Clarify Taxation Of Staking Rewards

By Mark Howe, Linda Swartz and William Walsh (November 15, 2022, 5:41 PM EST) -- Crypto industry groups had hoped to use the tax refund case of Jarrett v. U.S., in the U.S. District Court for the Middle District of Tennessee, as the vehicle to prove that rewards received by a crypto validator on proof-of-stake cryptocurrencies, called staking rewards, only trigger gain upon the ultimate disposition of the reward, rather than constituting taxable income upon receipt.[1]...

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