Tips for Complying with Crypto Staking Taxes

[yasoukiwikiwi]

Here are a few tips for complying with crypto staking taxes:

• Keep track of your staking rewards.
• Determine the fair market value of your rewards on the day you receive them.
• Determine your cost basis.
• Calculate your capital gains or losses.
• Report your staking rewards on your tax return.

If you're not sure how to comply with crypto staking taxes, you can hire a tax professional to help you.