RE: Are Hive Rewards Taxable Events?
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Proof of Brain (PoB) rewards, such as posting and voting, are for work that you do. Thus, it is income. If you stop posting and voting, you would not earn rewards. You would only earn inflation and HBD interest.
I think the point that @geekgirl was making was that author and curation rewards are not receipts of payments, as described in the IRS statement. Nobody gives you Hive or HBD for your author rewards, they are created out of thin air by the blockchain. Even with upvotes, it is still not a payment. They are just as much direct inflation as the HP staking reward.
However, at least according to what I can see on this "law dictionary" site, the definition of income does not appear limited to receipts of payment:
https://thelawdictionary.org/income/
I'm not a lawyer so my opinion doesn't hold much weight, but it seems like if it came down to it, it would qualify as income by the above definition.
The IRS will err on the side of collecting money.
Which is exactly why since there is no real "law" on this and mass confusion that people need to stand up to their government and protect this one last freedom. If the government starts taxing on perceived value it will KILL crypto.
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