Provide option (like Koinly) to treat staking rewards as income only on disposition
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Cointracker.io lacks the ability to track staking rewards but NOT treat those rewards as income upon receipt. In other words, if a token is a staking reward, cointracker reports it as income with a cost basis equal to the day/time it is received. The missing option is to treat it as income ONLY at disposition. I see that Koinly has an option to do exactly this under “income settings” https://koinly.io/blog/irs-staking-court-case/ 1
Aside from the ongoing Jarrett litigation, many observers note that such staking rewards are actually new property created and therefore should be treated as income only on disposition. The IRS has not refuted nor affirmed this position. In the Jarrett litigation, they have simply declined to give a view.
For those of us who wish to track staking rewards but interpret the IRS code to mean that rewards are only income upon disposition (rather than receipt), Cointracker should provide that option.
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Sam - CoinTracker
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