IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns

[Bitcoin]

IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns

Crypto rewards received before an account freeze are taxable in the year they're received, even if holders can't access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing the tax obligations of digital asset rewards in accounts […]

Source: IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns