JohnB5677
Expert Alumni

Investors & landlords

Yes, you should report all of your crypto staking and other interest on your tax return.

 

Staking will generate passive income.  This is similar to getting interest in a checking account.

  1. Staking will be taxed in the year that you receive it (Taxed as USD)

  2. Posted to Wages & Income

  3. Less Common Income

  4. Miscellaneous Income, 1099-A, 1099-C

  5. Income from renting out personal property (not rental real estate or farm rentals)

You can choose to post the cumulatively, or separately.  Be sure to maintain all documentation.

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