@JohnB5677, the reason that some people are considering not reporting their staking rewards at time of receipt is due to a recent court case. I'm not going to get into it here, but look up Jarrett vs. IRS (not exact case name but that will bring up the links). Sure does sound like the IRS is agreeing that the staking rewards should not be taxed at time of receipt but rather at time of sale. However, the case results so far have been inconclusive as there is no specific guidance from the IRS. Yet.
My suggestion is report the staking income as income upon receipt as JohnB5677 says. But be ready to file an amended 2021 to get it back depending on how this shakes out.
The benefit of paying the tax at time of sale, is you could have a long term gain and pay the lower rate.
Lastly, to repeat everyone above, if you report it as staking income at receipt, use receipt value as cost basis for future sales. If you wait and report the gain when you sell it, use zero dollars as cost basis.
