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Interest from crypto under $600
If I am staking my certain crypto's on blockchains, as well as earning interest with others on centralized exchanges, do I have to report the income If the earned income is less than $600 for the year. As an example, I have staked Cardano last year and it's toal earned from each epoch is less than that amount. As well, I earned less than $100 on Blockfi interest accounts. Should all this be treated cumulatively over $600 or separate b/c they are in separate exchanges or chains? Or do I need to record nothing b/c it’s less than the $600 threshold.
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February 2, 2022
10:12 AM