With bitcoin, I know I can buy it from an exchange, move it to my wallet, and there’s no taxes until I choose to sell it/trade it (need to know what it was when bought and all that, makes sense, for capital gains).
But let’s say I’m staking a coin of some sort (doesn’t matter, not shilling a coin). My understanding is I’d need to record the price and time I get a staking reward… but just like buying it; I don’t worry about taxes until I sell/trade. Each stake is just a “buy” event and not yet taxable.
Right? Or is there different logic with staking?
I can’t seem to find a definitive answer on this.
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