“For my clients, I’m going to tell them that they should continue to declare [staking rewards] as ordinary income, it should be viewed as if it’s interest,” Foreman told CryptoX. “That way, they don’t get caught … Were [the IRS] to catch you, they are going to rake you over the coals – and it’s not going to be a good result for the taxpayer. It’s going to be very, very bad.”
Crypto Tax Pros Throw Cold Water on Staking Excitement
