JotikaT2
Employee Tax Expert

Get your taxes done using TurboTax

If the reward from staking is for additional tokens, it would be treated as ordinary income and reported according to these instructions.

 

If the reward from staking represents an increase in the value of tokens already held, then it would be reported as capital gains.  

 

How do I enter my crypto in TurboTax provides a guide to assist you with entering the information into TurboTax.

 

Please refer to this link for an overall guide to cryptocurrency as TurboTax has put together a guide to help with most crypto questions and situations you may face.

 

Since this is a public online forum, discussing specific transactions would not be beneficial as it could result in confidential information being exposed.  TurboTax does have an option you may benefit from.  Please see this link for a possible option where you can connect with a TurboTax Expert for specific guidance as it relates directly to your crypto transactions.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"