Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes – Sponsored Bitcoin News

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Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes – Sponsored Bitcoin News
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Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes

Ethereum Merge Taxes

The timing will be important in the scenario that Ethereum ends up forking. For example, if the Ethereum network experiences a hard fork, some jurisdictions may treat this as “income”, similar to an airdrop. In this case, crypto investors would have to pay income tax on any additional tokens received.“One of the reasons there has been so much speculation surrounding the Merge is the tax implications if the network hard forks. In a scenario where a hard fork occurs, there may be a taxable event.

via a staking pool – opening up the possibility for more crypto investors to be involved via staking rather than mining.In the US,

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