Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/No_Pass3115 on 2024-12-22 01:27:28.

The IRS has made a new rule regarding how to report crypto losses and gains.

I would like some advice as I started building my cryptocurrency portfolio, and I noticed that this is not something easy to keep track of. I use multiple CEXs (Coinbase, Kraken, Gemini) to buy tokens and then move them to a cold wallet. Most of my tokens are staked to receive rewards. My question concerning this new rule is whether the staking rewards I receive are considered a taxable gain, even though I don't sell them and just reinvest them?

Also, what software would be best to track these staking rewards automatically?