r/stakeus•
NaturallyTurtle

Taxes

So I'm at the point now of being confused how taxes exactly work in this situation. There are so many conflicting viewpoints on this topic, I don't understand now.

I heard people don't claim crypto redemptions, but they do with bank redemptions. Instead, they just pay whatever X crypto site says they need to pay for.

Does this count as gambling earnings or "other income?"

And even if I do report whatever winnings, can I itemize them?

Posted Dec 6, 2025, 6:28 PM UTC

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