According to the IRS, airdrops (along with promos and staking rewards) only become taxable once the taxpayer acquires the ability to transfer, sell, exchange, or otherwise dispose of the cryptocurrency. Airdropped currency that isn't yet usable or accessible isn't taxable until the taxpayer can exercise control over it.
The IRS clarified that staking rewards are considered income upon receipt, which subjects US taxpayers to income tax on crypto received from staking. Additionally, when you sell or dispose of staking rewards, capital gains taxes typically come into play. If you can access your crypto airdrop or staking reward, follow these steps to report it in TurboTax.
The fair market value of staking rewards must be reported upon receipt, establishing the basis for potential capital gains calculations upon sale. Crypto Guide - capital gains and losses
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