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Staking crypto tax.
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Let's say you have a protocol which allows you to stake to earn a token.
- If I stake 10 usdc, a few weeks later I pull out 12 usdc. There were no token conversions,
Do I only have a taxable event on the additional 2 dollars as interest?
- Let's say I deposit 10 usdc in a smart contract, when I go to pull it back out there's only 8 dollars left.
Does this qualify as a loss?
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- 3 years ago
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