How do I report crypto staking rewards for 2025?

Anonymous

Jun 22, 2026, 6:39 PM

I had this same issue last year! You have to report the fair market value of the crypto rewards as income on the day you receive them. When you sell them later, you'll also have capital gains or losses based on that initial value.

[Verified Expert Answer] Hi there! According to recent IRS rulings (specifically Rev. Rul. 2023-14), crypto staking rewards are included in your gross income in the taxable year you gain dominion and control over them. You report the fair market value as ordinary income. I highly recommend using crypto tax software to track this automatically, as it gets complicated fast.