Crypto mining is considered a trade or business by the IRS therefore those earnings are subject to self-employment tax. However, the IRS has not issued clear guidance on staking rewards. All in all, there are different types of staking, if you putting any work into the staking, then it should be reported as Self-Employment income. If you basically, made a deposit into an account and are letting it earned interest then it would be reported as other income.
Crypto Mining tax treatment
(Edited 2/21/2022 @ 12:24PM PST) @widestrides
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
