Hello wise people . I have a question We all need to file taxes (atleast I have to )
- I have earned some staking rewards in the staking account which get automatically compounded. ( Through provide functionality) . It’s mostly in privacy coin . I have a few trades as well in incognito app where I was converting between privacy , Bitcoin and usd. (Not more than 100 $).
Question is I need some guidance on how to file or what to file for taxes.
WHEN Should staking profits be reported ? Should they be reported only if I withdraw my rewards and convert it into USD ? I’m a bit unclear on even the right questions to ask .