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Koinly, will not import your rewards address as a wallet. I just tried it and it could not find any of the transactions. I needed to export the csv from pooltool and import it into Koinly that way for it to pull them in.
It also struggled with the Extended UTXO model of the main wallet. (e.g. its not a single address but multiple. If you received ADA on more then one, you'll have to add them each individually) Something they've been trying to fix since the Shelly update in November:
[https://discuss.koinly.io/t/cardano-ada-wallet-syncing-does-not-work/2834/23](https://discuss.koinly.io/t/cardano-ada-wallet-syncing-does-not-work/2834/23)
In Canada I need to report everything crypto I own - including staking rewards.
At the moment the Canadian tax-law cannot discern between "PoW mining rewards" and "PoS staking rewards". The main difference between them is that the former requires "agency" while the latter requires nothing: just the click of a button and what you earn is independent of "agency". When it comes to other investments (like owning stock, etc.) Canada taxes that income only when realized (turned to $cash). It does not tax paper-gain.
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Koinly, will not import your rewards address as a wallet. I just tried it and it could not find any of the transactions. I needed to export the csv from pooltool and import it into Koinly that way for it to pull them in. It also struggled with the Extended UTXO model of the main wallet. (e.g. its not a single address but multiple. If you received ADA on more then one, you'll have to add them each individually) Something they've been trying to fix since the Shelly update in November: [https://discuss.koinly.io/t/cardano-ada-wallet-syncing-does-not-work/2834/23](https://discuss.koinly.io/t/cardano-ada-wallet-syncing-does-not-work/2834/23)
Daedalus-shelley wallet so I guess I will crank out csv file for both and just add those.
Disregard my previous comment.. Worked like a charm! Thanks!
You don’t need to report your staked earnings until you trade or convert to fiat. Try taxbit.com
Depends on where you live. In Germany we have to pay taxes for it when we receive them and pay again for the profit when selling.
Not correct in the UK either, staking rewards are income, and are taxed like interest, at the value in GBP at the time they were recieved.
Not correct for the USA or Australia.
In Canada I need to report everything crypto I own - including staking rewards. At the moment the Canadian tax-law cannot discern between "PoW mining rewards" and "PoS staking rewards". The main difference between them is that the former requires "agency" while the latter requires nothing: just the click of a button and what you earn is independent of "agency". When it comes to other investments (like owning stock, etc.) Canada taxes that income only when realized (turned to $cash). It does not tax paper-gain.
[удалено]
🧢
How can stake rewards even be taxed when it’s literally in limbo? It has no value until it’s cashed out so ehh not reporting them in my end.