I’m staking Cake token in PancakeSwap Syrup Pools to receive back Cake. Curently there is no way on BSC to categorize the funds I lock to the pool as “staking” and the income I receive from it as “staking income”.
Your documentation says that theres is a category “staking income” but I cannot select it.
In addition, all transactions categorized as “staking” are treated as other taxable income in the tax report. In my opinion there should be a separate tax free category “staking income” to selcet from as stakin income is presumably tax free in some jurisdictions (Germany).
How can I classify funds that I gibe int a pool as “staking” and the rewards from it as “staking income”
I addition, tokens received from staking are recorded as purchases with a price that dollar cost averages up the whole position. That’s not correct in my opinion, the should be bookef for free / 0 USD, no?