How are STRONG (the cryptocurrency) nodes taxed?
Cryptocurrency nodes, including those for STRONG, are not directly taxed. However, if you receive STRONG tokens as a reward for running a node, you may be subject to taxes on that income. In the United States, cryptocurrency rewards are generally treated as taxable income, and you would need to report the value of the tokens as income on your tax return. The value of the tokens would be based on the fair market value at the time you received them. Additionally, if you sell or exchange the STRONG tokens, you may be subject to capital gains taxes on any profit you make. It's important to keep accurate records of your cryptocurrency transactions and consult with a tax professional to ensure you are properly reporting your income and paying any taxes owed.
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