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ETH staking on Binance - Taxes

Binance

Cryptocoins Exchanges / Binance 252 Views

Hi all, I am considering converting my ETH into BETH on Binance to generate staking rewards, but was wondering if the conversion back from BETH into ETH (I think this is done automatically when Ethereum 2.0 goes live) will be considered a taxable event. If that is the case, it might actually be more profitable to hold ETH and do nothing to avoid the taxes… Can someone please shed some light on this and what the most profitable approach might be? Thanks!

submitted by /u/Key-Chart-6743
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