@originaldohnthornton: A lot of crypto investors love staking…
until they realize the rewards can create constant taxable events.
The more staking rewards grow…
the bigger the tax problem becomes.
And most people are still staking through personal wallets, LLCs, or corporations that are tied directly back to them.
That means less privacy…
more exposure…
and more money disappearing to taxes.
But when crypto staking activities flow through a contract law spendthrift trust…
the staking rewards do not create taxable events inside the trust structure.
Plus, the trust is not publicly registered with the state like an LLC / Corporation…
creating far greater anonymity along with powerful lawsuit protection.
Same staking rewards.
Completely different financial outcome.
(Info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxsavings #taxreduction #crypto
