379: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions
Main Street Business
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Taxed on the Rewards, Yeald Earn, or Whatever It May Be Called.
You are taxed on the rewards, yeald earn, whatever it may be called. There's really three types of staking. On one ex creme, if tracey was to go out and buy her own nods and be a validator and manage your own staking operation, that's a business. And so over here, we would recommend on the left hand side of your trifecton operations you're going to use an s corporation. You've got growth that would only be taxable through long term or short term capital gains. Or you may have losses if it goes down, if you were to sell it.
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