I've been staking my crypto for a while and I want to know how I can claim the rewards I've earned from it. I'm not sure about the process and need some guidance on how to go about claiming these staking rewards.
6 answers
CryptoMaven
Wed Dec 11 2024
This form is used to detail the sales and exchanges of capital assets, including cryptocurrencies.
Lucia
Wed Dec 11 2024
Crypto staking rewards are subject to taxes in the United States.
Tommaso
Wed Dec 11 2024
When individuals dispose of staking rewards, they must report the capital gains on Form 1040 Schedule D.
Michele
Tue Dec 10 2024
For businesses that earn staking rewards, they must use Schedule C to report their income.
CryptoMaven
Tue Dec 10 2024
Schedule C is a form used to report income or loss from a business or profession.