Regarding your personal opinion to not report staking rewards, can you please clarify how it will be taxed on selling/converting the coins in a future date?
1. I received 200 XYZ coins as staking rewards in my wallet on 1/1/20 at a FMV of $1. I chose not to report this event in FY20 tax returns filing.
2. I sold 100 XYZ coins on 10/1/20 for $2.
3. I sold the other half of 100 XYZ coins on 2/1/21 for $3.
Should #2 taxable event be reported as short term capital gains and #3 as long term capital gains OR both of them should be treated as short term capital gains?
