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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.
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‎November 15, 2023
10:31 AM