/biz/ - Business & Finance

Anyone know if staking affects capital gains holding period status?

For example, if you hold for over one year, the maximum you can be taxed is 20% for long term cap gains. You also don't pay fico tax (7.5%) on cap gains. So staking would be more profitable than you originally thought it might be when you factor in taxes. The most you'd ever pay would be 23.8% (obama care 3.8% tax) whereas regular tax brackets go up to 37%. So if staking doesn't affect long term cap gain status, when you cash out part of your staking rewards for fiat so you can actually buy stuff you'd be getting taxes less then the general population that has to work for a living.

So does anyone know? If I have 10k links I held for 1+ years staked and I made 400 links in profit that year and decide to sell them, does it count as selling off my long term links or selling off new links? Could I unstake 400 old links and sell them as long term and restake the 400 new links?