Staking rewards will be reported to US participants as income on a Form 1099-MISC at the time that they become available for withdrawal. Since the income is paid in cryptocurrency, you can also accrue a gain (or loss) on those assets that would be realized upon disposition of the assets. The cost basis for the rewarded asset will reflect the amount reported as income on the Form 1099-MISC.
Staking rewards are taxed differently in each jurisdiction, but are often viewed as income. Please consult with your local tax advisor for further information.
Staking rewards are taxed differently in each jurisdiction, but are often viewed as income. Please consult with your local tax advisor for further information.