Make Staking More user-friendly

Please add a “staked” tag for withdrawals, that staked coins still show up in the balance. It is very confusing when they just disappear.

Hey guys! I understand your frustration with the staked and staking classifications so just to clear this out from our standpoint:

all tokens that were staked=do not classify
all tokens that came as a reward for staked tokens=staking

The reason why we don’t have more strict guidelines is because there aren’t any and they are subject to the interpretation of the different jurisdictions. That bein said, here is an article from Bloomberg providing further context on the matter:

Now, the lender could be considered to have converted their crypto for another crypto when they “stake” their money into the liquidity pool and received another token they can sell elsewhere. That is a taxable event, so in this example, just as dividends are taxable, so are tokens generated from staking activities.

However, it’s not as straight-forward as that because this transaction can also be viewed in another way; in that what the lender deposited in the liquidity pool is still their money and the tokens they receive in exchange is nothing more than a receipt. That means it is not a taxable event.

Meanwhile, on the borrower’s side, it can be argued that depositing collateral and receiving a loan in a different token form is akin to an exchange transaction, so a taxable event. Of course, usually taking a loan is not a taxable event. However, the transaction on a DeFi is unique. Unlike conventional loans, it includes depositing one currency as collateral to receive a loan in another.

If you need any tax assistance with your crypto taxes, make sure you visit ACTAN in the Hub where any of our crypto tax professionals can help you out.

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Here is the breakdown of classifications: Crypto Tax Classifications : Accointing AG
Here is how you are taxed per classification: You searched for classifications - The Hub on ACCOINTING.com

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Hello Matt! Its not solving the problem, that the delegated or staked coins are disappear because Accointing show the transaction as an Withdraw. I mean this would look like an taxable Transaction…
What should we do or how is the correct classification?

oh, I understand, this article should answer your question :slight_smile:

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Is there a reason why you don’t wanna implement the tag? It would be very helpful und save a lot of time. Making these manual internal transfers is very tedious. Internally you could just book all the coins in a “invisible” wallet.

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all tokens that were staked=do not classify
all tokens that came as a reward for staked tokens=staking
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Currently, Accointing’s stance on staking is the above. AS well as the article on how to handle staked transactions.


I see that you guys are asking for a feature request to make the handling of staking more user-friendly…

Thanks for the Feature Request! In ACCOINTING.com, we work based on a voting mechanism: the more upvotes your feature requests has, the faster it moves in our development pipeline. Hopefully, you’ll get enough upvotes from this community to have it implemented.

To see how many votes there are for a feature request simply go to the main page of the Accointing Community Board > Feature Requests > Then click ‘Votes’ to sort by most votes.