Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
S
sanjay311
March 24, 2024
Question

Which form to use to report Crypto staking rewards ? I got a summary from Wealthsimple giving an CAD value for staking rewards and CAD value for staking fees charged.

  • March 24, 2024
  • 1 reply
  • 0 views
The staked crypto is ETH and its just a hobby as my staking rewards is <$100. I also didnt sell the underlying crypto.

    1 reply

    TurboTaxSusan
    TurboTaxSusan
    March 25, 2024

    The CRA has no clear information on how to treat staking on their website. So, I would recommend calling them to see how they would like staking to be reported.

     

    If you are in Canada or the United States, you can call the CRA at 1-800-959-8281. If you are elsewhere, you can call 613-940-8495. This page has more ways to contact the CRA: Contact the Canada Revenue Agency

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification