Staking rewards may not be taxable if you held your coins. You can report or not report this. It is a grey area.
In Jarrett et al vs United States of America, a Tennessee couple sued the IRS to get a refund for tax paid on staking income that they received but still held in their account.
The Justice Department offered to refund the money. But the IRS refused to say whether it would pursue other taxpayers who did not report staking rewards on their income tax return.
If you want to report staking rewards, you can report as Other Reportable Income even if you did not receive a Form 1099-MISC.
- In TurboTax Online click on Federal on the left column
- Click on Wages & Income at the top
- Scroll down to Miscellaneous Income, 1099-A, 1099-C. Start
- Choose Other reportable income
- Say Yes to Any Other Taxable Income?
- In Other Taxable Income, enter a Description and Amount
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