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Get your taxes done using TurboTax
Hi @DavidW7,
Staking crypto is treated as taxable income, based on the fair market value of the crypto at the time it is received. This is analogous to earning interest from a savings account.
If you hold the staking crypto received for investment, you may also have a capital gain or loss when you later sell or exchange.
This is a good resource for crypto taxes: https://turbotax.intuit.com/tax-tips/investments-and-taxes/your-cryptocurrency-tax-guide/L4k3xiFjB
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‎November 15, 2023
9:30 AM
3,619 Views