#uscryptostakingtaxreview
🚨THE 2026 STAKING TAX REVOLUTION! 🏦⚖️
Staking isn’t just "passive income"—it’s a tax event! As we enter 2026, the IRS is watching those rewards closer than ever. Stay ahead of the game! 📉🛡️
💸 THE "STAKING TAX" CHEAT SHEET:
Income at Receipt:
Rewards are taxed as Ordinary Income the moment you have "Dominion & Control" (when you can move/sell them). 📥💰
Fair Market Value (FMV): You must report the USD value of the coin at the exact time it hit your wallet. 🕒💵
Double Lane Taxing:
1. Ordinary Income (on receipt) ➔ 10% to 37%.
2. Capital Gains (when you sell later) ➔ 0% to 20% (if held >1 year). 📈💎
🚀 NEW FOR 2026:
Form 1099-DA:
Brokers and exchanges are now mandated to report digital asset transactions. The paper trail is real! 📄🖋️
FIFO is Mandatory:
Starting Jan 1, 2026, "First-In, First-Out" is the standard for tracking cost basis. No more cherry-picking! 🍒❌
🧠 PRO-HODL STRATEGY:
"Track every reward, harvest your losses, and hold for 366+ days to slash your tax bill in half!" 🦾✨
$$ETH
#cryptotax #StakingReward #IRS #TaxSeason #HODLStrategy #PassiveIncome #WealthProtection