This is actually very different from staking. Without getting into the technical reasons why that is so, I mainly don’t want others to get confused, particularly since the tax laws are still being written with respect to staked cryptocurrencies.
This is strictly an interest-bearing account from a centralized entity (BlockFi) which issues tax forms annually. Staking a cryptocurrency on a decentralized blockchain would not result in tax forms being generated, ever, and the tax laws around staking are far fuzzier than those around interest-bearing accounts.
While the two *may* be treated identically now, they are not identical forms of income, and may not be treated identically in different jurisdictions or different points in the future (see the Tezos case below):
https://www.coindesk.com/layer2/2022/02/25/why-we-still-need-guidance-on-staking-rewards-taxation/?o...
