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Understanding Staking Rewards Transactions

This guide covers staking rewards transactions, tax treatment, categorizing staking rewards, and how to hide staking rewards transactions from the Transactions page.

For an in-depth look at staking or unstaking transactions, review this guide instead: Understanding Staking Transactions

For instructions to change the default tax treatment settings for staking reward transactions: How to Change the Default Tax Treatment for Staking and Staking Rewards Transactions

What are staking rewards?

Staking rewards are periodic earnings received by users who stake their cryptocurrency to support the operation and security of a blockchain network using a Proof of Stake or similar consensus mechanism. Users who partake in liquid and illiquid staking often receive staking rewards in the native token or other reward token. 

How are staking rewards taxed?

By default, CoinTracker treats 'Staking rewards' transactions as taxable income, not capital gains. 

CoinTracker has follows the conservative tax treatment outlined in Rev. Rul. 2013-14, treating staking rewards as income when received. When you sell your rewards, you will report the capital gains on Form 8949 and Schedule D. Learn more on our blog: IRS Issues Guidance on Staking Rewards

Alternatively, we have the option to configure your CoinTracker settings to treat 'Staking reward' transactions as non-taxable.

For more detailed staking tax guidance, refer to CoinTracker's Ultimate Tax Guide for Crypto Staking.

Categorizing Transactions as Staking Rewards

CoinTracker automatically categorizes staking rewards transactions from most wallets, but you can also manually apply the 'Staking rewards' category to 'Received' transactions.

If you are importing a CoinTracker-compatible CSV, you can use the tag 'staking reward'.

Hide Staking Rewards Transactions on the Transactions Page

You can temporarily hide any transactions categorized as Staking reward from your list of transactions:

  1. Go to the Transactions page
  2. Click the Display button in the upper right
  3. Click the 'Hide staking rewards' toggle

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