Yes, income from staking will not be included with the sale or exchange of currency. It will have to be entered separately.
Staking will generate passive income. This is like getting interest in a checking account.
With your return open, go to
- Federal
- Wages & Income
- Less Common Income
- next to Miscellaneous Income, 1099-A, 1099-C
- Select Other Reportable Income
- Answer Yes on Any Other Taxable Income? Screen
- Continue through the interview
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