David Schwartz’s XRP staking idea tests IRS reward tax rules
David Schwartz’s XRP staking idea tests IRS reward tax rules
David Schwartz says staking rewards minted by a protocol should not be taxed before sale.His comments revive tax questions around XRP staking even though XRPL lacks native staking.The IRS currently taxes proof-of-stake rewards when taxpayers gain dominion and control over them directly.