Is cryptocurrency staking income taxable for my foreign-owned LLC? When do I recognize it?
I stake ETH through my LLC's Coinbase account and also run an Ethereum validator at home overseas. The staking rewards appear in my account periodically. I've heard conflicting information: some say staking rewards are taxed when received, others say they shouldn't be taxed until sold because they're "newly created property."
There was a court case about this (Jarrett v. United States) — did that change anything? And as a foreign owner, does staking income even create a U.S. tax obligation?
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