Questions on staking/interest income

Tax Questions
#1

I have a couple questions.

  1. I stake on ADALite. I have one wallet for my rewards and one for my transactions. I’ve seen around that you need to mark certain transactions as “sent to pool” and others as “received from pool”. The only transaction from ADALite is the 2 ADA fee to send it to the pool but that is all. Is there anything I need to mark as “sent to pool”? I don’t quite understand how that works. I tag everything in my rewards wallet as a reward, but I don’t have anything to tag as sent or received from pool. Am I doing this right?

  2. In addition to staking ADA, I also earn interest on BlockFi and Celsius with BTC/ETH/USDC. All of the staking rewards/interest needs to be reported when filing taxes. I understand importing the capital gains/losses but is there a report to download that can be used to report the staking/interest income on the tax return? Where would that be placed in TurboTax?

#2

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.