The IRS considers staking rewards to be taxable income. This is because staking rewards are a form of income from whatever source it is derived. The IRS issued Revenue Ruling 2023-14 on July 31, 2023, which clarified its position on the tax treatment of staking rewards. The ruling states that staking rewards are included in gross income in the taxable year in which the taxpayer first can dispose of the cryptocurrency received. This short course gives an overview of the IRS's position on this subject.

This overview course may be appropriate for professionals at all organizational levels.