How Do You Know When You are Gonna Be Taxed on Staking

Jake Claver

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00:00How do you know when you're going to get taxed on your crypto that you're staking?

00:03Let's walk through it.

00:04There needs to be basically a problem for you to be able to get your money out of the liquidity pool

00:08or whatever you're staking to for it not to be a taxable event when you're receiving income off of it.

00:13So there needs to be a waiting period of like, you know, some amount of days in between when you unstake it

00:18and when you receive it, or there needs to be some event that has to occur between the staking distributions

00:23being paid out and you receiving them, and that will keep it from being a taxable event.

00:27If that's not the case, like Algorand pays out right to your wallet and you can use it immediately after that,

00:33that's taxable income.

00:34As an individual, you need to pay your taxes on when the distribution occurs.

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