I’m trying to understand tax implications and tradeoffs when using rocketpool. As I understand it, there are two options for staking with RocketPool. You could be an individual staker and receive rETH as a claim on your ETH or a node operator and receive traditional ETH rewards + RPL tokens.
As an individual staker with rETH, the token itself will appreciate while your ETH is staked so when you sell, it’s taxed as capital gains. As a node operator, each ETH (and RPL) reward will be taxed as income when received and then cap gains when sold.
If my understanding above is correct, it would seem that individual staking is far more tax efficient while also being more flexible in that you could use rETH in various defi applications. Is it possible that the tax efficiency and flexibility of rETH is actually more profitable than node staking (say, hold rETH forever and then use it for collateral for a DAI loan and throw it in a yearn vault)? The big question mark is what the RPL token does for node operators.
Has anyone modeled this in a spreadsheet with current loan rates, yearn interest, and us tax rates?