What are your thoughts of taxes on staking rewards?

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What are your thoughts of taxes on staking rewards?

I’m not really against it. But the taxes need to be only for positions that you are currently at a profit. If you are currently at a loss and bag holding a staking crypto then that position should be exempt from taxes.

I understand price movements with crypto can be extreme and some days you’ll be at a profit and receiving staking rewards. And other days you’ll be at a loss and receiving staking rewards.

I’m sure this process is too complicated to separate the income from staking at a profit and staking at a loss.

submitted by /u/topicalsyntax571
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