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Staking & Tax for ETH 2.0

  • 29-11-2020 3:31pm
    #1
    Registered Users Posts: 30 super ted rules


    There's been a suggestion in other countries that depositing ETH into ETH 2.0 be considered a taxable event. Has anyone thought about this in Ireland?


Comments

  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 59,680 CMod ✭✭✭✭ unkel


    You still own the coins when staking them, right? If so there is no taxable event. Staking revenue would be taxed as income though, taxed at your marginal rate of income tax.

    "Wind is Ireland's oil" - An Taoiseach, 25/05/2022



  • Registered Users Posts: 2,072 ✭✭✭ ZeroThreat


    unkel wrote: »
    You still own the coins when staking them, right? If so there is no taxable event. Staking revenue would be taxed as income though, taxed at your marginal rate of income tax.

    There's so many defi options and staking available for many tokens these days.
    Would be interesting to know if many people are paying income tax on all these returns.


  • Registered Users Posts: 58 ✭✭ Spanishpoint


    great topic! I guess same applies for Cardano


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