Contact BlockChain-1-844-291-4941 Blockchain customer support

BlockChain-1-844-291-4941 Blockchain exchange supportWhile the IRS has issued some guidance (see links above) on whether certain crypto-related events generate taxable income, the IRS has not released any official guidance related to lockup rewards. It has been presumed that the guidance related to mining rewards would be applied to lockup rewards, which meant that lockup rewards were treated as ordinary income and taxable to the recipient based upon the fair market value at the time of receipt. However, the exact tax characterization of lockup rewards is subject to recent and ongoing litigation involving the IRS and is not a settled matter at this time.