US IRS may agree not to consider unsold crypto as income
The family of crypto investors returned the money spent on taxes in 2019 through the court
03.02.2022 - 10:10
496
1 min
0
What’s new? Joshua and Jessica Jarrett filed a lawsuit in US District Court seeking a refund of $3293 in income tax paid in 2019 for receiving 8876 Tezos tokens. After the first hearing, the Internal Revenue Service (IRS) approved a full refund of 2019 taxes. The staking reward will now be classified as property, not income.
How did the couple win the lawsuit? The Jarretts argued that tokens obtained using Proof-of-Stake protocols are property created by the taxpayer and should not be taxed until they are sold or exchanged. There is no provision in US law or IRS regulations that allows such assets to be taxed.
What happened next? Despite their success, the Jarretts’ lawyer rejected the IRS’s offer of a refund. The married couple wants more long-term protection from such taxes, not just for 2019.
This case may create a real precedent for the future taxation of PoS miners and stakers. The Jarretts have many like-minded people who also believe that such assets should not be subject to income tax until they are sold.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$63 755
BTC
-4.99%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.19
XRP
-3.33%
-
Dogecoin
$0.089755
DOGE
-4.44%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$597.73
ZEC
-3.88%
-
Cardano
$0.1971
ADA
-7.28%
-
Stellar XLM
$0.209515
XLM
-6.63%
-
Polkadot
$3.32
DOT
+5.27%