IRS moves to electronic crypto tax forms as staking reward double taxation stays unresolved

The U.S. Treasury and IRS have proposed making electronic delivery the default method for crypto tax forms, aiming to cut the cost and burden of mailing paper documents to customers. Under current rules, staking rewards like 1 ETH are taxed as income when received and can also incur capital gains tax when sold at a higher price. Congressman Mike Carey has urged officials to clarify and ease the tax treatment of staking, while the IRS conducts an internal review on the issue.