[Drago]

Yeah Gemini isn’t sending out 1099’s under $600. either...you still technicaly need to report it in the Cap Gains category. ;-) And if doing “DeFi” stable coin staking (interest), that gets reported as “ordinary income” (same as interest on a savings account at the bank).

https://cryptotrader.tax/blog/defi-crypto-tax-guide

https://koinly.io/blog/defi-crypto-tax-usa/

[Svartalfiar]

Yeah Gemini isn’t sending out 1099’s under $600. either...you still technicaly need to report it in the Cap Gains category. ;-)

If you sell it, no? As long as it's simply held/reinvested, you don't owe anything on gains until they're actually sold. Similar to stock trading. Right?