Andrew_W
Employee Tax Expert

Get your taxes done using TurboTax

Hi @LRPASS,

 

Staking rewards are considered taxable income at the fair market value of the asset in USD on the date they are received.

 

As an example, if the staking reward is received on 4/1/2023, the fair market value of the reward as of that date, in USD, is the income amount. Staking rewards are treated as ordinary income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"