stETH Tax Report 2026: How to Report Lido Staking Rewards
Updated March 2026 · Income method · Ethereum
Are stETH rebases taxable?
In most jurisdictions (US, UK, Germany, Australia) staking rewards are treated as ordinary income at the moment they are received. For Lido's stETH, this means every daily rebase — when your wallet balance increases — is a taxable event. The income is valued at the fair market value of ETH at the time of receipt.
What is the income method?
The income method treats each rebase as if you received new ETH as employment or business income. The calculation is simple:
Your total annual taxable income from staking is the sum of all daily rebase incomes over the year.
Example calculation
| Date | Rebase (ETH) | ETH Price | Income (USD) |
|---|---|---|---|
| Jan 1, 2025 | 0.000123 | $3,400 | $0.42 |
| Jan 2, 2025 | 0.000124 | $3,350 | $0.42 |
| Jan 3, 2025 | 0.000122 | $3,500 | $0.43 |
| … | … | … | … |
| Dec 31, 2025 | 0.000125 | $3,600 | $0.45 |
If you staked 1 stETH throughout 2025, your total staking income would be approximately $150–200 USD at a ~4.5% APY and average ETH price of $3,400.
What about when you sell stETH?
When you eventually sell or convert stETH, you may also owe capital gains tax on any appreciation since you received each rebase. Your cost basis for each rebase is the ETH price on the day you received it (the same value you reported as income).
How to export your stETH tax report
- Connect your Ethereum wallet on StakeFlow
- Click "Tax Report" in the top-right of your portfolio
- Select the tax year (e.g. 2025)
- Click "Export CSV" to download a ready-to-use spreadsheet with every rebase event, ETH price, and income in USD
The CSV can be imported directly into tax software like Koinly, CoinTracker, or TurboTax Crypto.
Ready to generate your tax report?
Connect your wallet — StakeFlow automatically tracks every stETH rebase and calculates your taxable income.
Disclaimer
This guide is for informational purposes only and does not constitute tax advice. Tax laws vary by jurisdiction and change frequently. Consult a qualified tax professional for advice specific to your situation.