Andrew_W
Employee Tax Expert

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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