Describe the problem:
I have some questions on Solana staking and income tax in the UK.
When I stake, I tag ‘Out to Pool’ or similar.
When I receive Solana rewards every epoch, I believe that itself is a taxable event and not when I eventually unstake and withdraw my Solana plus rewards from the pool?
As I understand it, there is no automated import of Solana rewards using the Solana API on Koinly so I have to currently use a workaround and import Solana rewards (using stake.com or similar) onto a spreadsheet and upload that into Koinly and tag as ‘reward’.
I am not sure how often I am supposed to do this throughout the year when my solana is staked. No guidance here? Once a year before end of tax year, once a month.
Also won’t Koinly double count earnings or do I need to filter the spreadsheet by date.
Finally if I am uploading and logging rewards during the staking period, what happens when I do eventually unstake and withdraw from the pool, I assume I don’t again log my unstaked rewards as I would potentially pay income tax on the rewards again?
I know there are help videos and text on the Koinly website but it doesn’t answer the above points.
I wish Koinly would auto import rewards as income without the need to manually import and the potential for human error that goes with that. It is putting me off from staking which shouldn’t be the case. Especially as Solana is not a small chain.