The staking rewards are similar to dividends and taxable once you have the ability to sell, transfer, or exchange them. See What’s the difference between staking, crypto mining, and airdrops? Additionally, if you have a foreign wallet, that is considered a foreign asset and may require filing Form 8938. See About Form 8938, Statement of Specified Foreign Financial Assets
Follow these steps to enter:
- Go to federal
- Income and expenses
- Less Common Income
- Miscellaneous Income
- Other income not already reported on W-2
- Other wages received
- Wages earned as a Household Employee > Leave Blank
- Sick or Disability pay > Leave Blank
- Any Other Earned Income > Yes
- Enter Source of Other Income > Other
- Enter the description and amount
@joshh0
@Taxhawk
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