Crypto Staking Tax Reporting Guide for Proof-of-Stake Rewards (2026)
Report crypto staking rewards for tax: income recognition timing, FMV determination, cost basis tracking, and proof-of-stake reward documentation.
Summary
Staking rewards create taxable income when received. This guide explains income recognition, FMV tracking, and documentation for PoS staking tax.
Key Steps
- 1Recognize income at receipt: FMV of staking rewards when tokens become accessible.
- 2Track FMV daily: staking rewards paid continuously, track daily FMV for accuracy.
- 3Document validator information: staking pool, validator address, reward schedule.
- 4Set cost basis: FMV at receipt becomes basis for future disposal.
- 5Report on Schedule 1: staking income as miscellaneous income, not capital gains.