Tuesday, March 2, 2021

Asset staking on ledger - Tax trigger event

Does tax event apply for staking a crypto in a wallet or does a same rule as for holding crypto apply (no tax event unless you sell it)

I already know that you have to pay the taxes if you hold it on an exchange, just wanna make sure if cold wallets have any different rule, if it does trigger tax event then i see no reason to hold crypto besides a stable-coin to generate an income (unless it's right after bitcoin halving)

Thanks in advance.

All is kinda meh, seems every crypto equals out, no way to guess out the market (unless you are a contractor for whales)

I see the best way to avoid any unpredictability is to to just "HODL" btc till you can't no more (and maybe even after that)

and

if anything bad happens just blame it on the community (r/bitcoin)

correct me if I am wrong.


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