Staking & Mining Income Tracker
Every staking reward, mining payout, and airdrop is ordinary income at its fair market value when received. Log them here, total them up, export a CSV.
Income Log — 2026
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Your entries
| Date | Type | Coin | Qty | FMV | Income |
|---|
No entries yet — add your first reward above.
Totals are computed from the FMV figures you entered, using 2026 ordinary-income treatment for staking, mining, and airdrop rewards. Educational use only — not tax advice.
The CSV works as a record-keeping backup and can be shared with your tax preparer. When you later sell these coins, your cost basis is the FMV you logged here — the sale itself is a separate capital-gains event (see the tax calculator).
Why this matters
The IRS treats staking rewards, mining income, and airdrops as ordinary income at fair market value on the day you gain control of them — not when you sell. See the IRS digital assets guidance. Two common mistakes:
- Forgetting small rewards. Weekly staking payouts add up; without a log, reconstructing them in April is painful.
- Using the wrong value. Income is the FMV when received. That same FMV becomes your cost basis, so a later sale is measured against it.
A worked example
You stake a position that pays a reward every week. In the first week of March you receive 0.4 units when the asset trades at $120, so you log $48 of ordinary income and a lot of 0.4 units with a cost basis of $48. In the second week you receive 0.38 units at $135, so you log $51.30 and a second lot. By year-end the tracker shows the total income to report (the sum of the weekly fair-market values) and the CSV lists every lot with its date, quantity, value and basis. If you later sell 2 units, your gain or loss is measured against the basis of the specific lots you sold, which is why the log matters twice: once for income this year and once for basis in whatever year you sell.
Where the fair-market value comes from
The IRS asks for the value in US dollars at the time you gained dominion and control over the reward. In practice that means the price on the exchange or data source you use, at the date and (where available) time of receipt, applied consistently. Pick one source, note it in the tracker’s notes column, and use it all year; switching sources to pick favourable prices is the kind of inconsistency that is hard to defend. For rewards that arrive many times a day, a daily closing price applied consistently is a common and defensible simplification; ask a professional if the amounts are large.
Mining, airdrops and hard forks
The same principle applies: income at fair market value when you have control, which becomes basis. Mining as a trade or business has additional consequences (self-employment tax, deductible expenses) that this tracker does not model. Airdrops you did not ask for are still income when you can transfer or sell them. The staking and mining guide walks through each case with the IRS sources.
How this connects to broker reporting
Form 1099-DA reporting by brokers is phasing in, and for assets held at a broker your reported basis may eventually come from the broker rather than from your own records. Rewards received outside a broker, or before basis reporting applies to them, are still yours to document. Keep this log alongside your exchange statements; where a broker’s figures and your records disagree, your contemporaneous log is what lets you explain the difference. The 1099-DA guide explains the timeline.
What a finished log looks like
Three sample entries show the shape of a completed log — fictional figures, entered into the tracker above exactly as written here:
| Date | Type | Coin | Qty | FMV | Income |
|---|---|---|---|---|---|
| 2026-03-03 | Staking | SOL | 1.5 | $142.00 | $213.00 |
| 2026-03-10 | Staking | SOL | 1.5 | $138.50 | $207.75 |
| 2026-04-02 | Airdrop | XYZ | 250 | $0.84 | $210.00 |
The tracker totals these to $630.75 of 2026 income — $420.75 of staking income and $210.00 of airdrop income — and each row doubles as a cost-basis record: the 1.5 SOL received on March 3 carries a basis of $213.00 into whatever year you sell it. That is the whole discipline in miniature: value each reward once, on the day it arrives, and the same number serves this year’s income line and a future year’s gain calculation. The IRS collection point for these rules is its digital assets guidance, and the staking-specific ruling is Revenue Ruling 2023-14.