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IRS Clarifies Taxation of Staking Crypto Rewards

By Shira Peleg & Pallav Raghuvanshi on August 7, 2023
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To address the tax implications for taxpayers who stake cryptocurrency on a proof-of-stake blockchain and receive validation rewards, on July 21 the Internal Revenue Service (IRS) issued Revenue Ruling 2023-14.

Continue reading the full GT Alert.

Photo of Shira Peleg Shira Peleg

Shira Peleg is a member of Greenberg Traurig’s Tax Practice. She represents clients before the Internal Revenue Service and state and local taxing authorities in examinations, appeals, court, and collections.

Read more about Shira PelegEmail
Photo of Pallav Raghuvanshi Pallav Raghuvanshi

Pallav Raghuvanshi focuses his practice on U.S. and international tax matters in the context of corporate restructurings and cross-border mergers and acquisitions. He is experienced handling spin-off transactions for large multinational companies, various inbound and outbound transactions involving issues related to foreign tax…

Pallav Raghuvanshi focuses his practice on U.S. and international tax matters in the context of corporate restructurings and cross-border mergers and acquisitions. He is experienced handling spin-off transactions for large multinational companies, various inbound and outbound transactions involving issues related to foreign tax credits, tax treaties, controlled foreign corporations, and other international reorganization issues. He also handles U.S. federal tax aspects of initial coin offering / first token sales and other tax-related issues on blockchain technology and cryptocurrencies.

Read more about Pallav RaghuvanshiEmail
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  • Posted in:
    Energy, Tax
  • Blog:
    Legacy Advisors
  • Organization:
    Greenberg Traurig, LLP

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