There are many different ways to earn crypto, including mining, airdrops, staking your coins or through earning interest. When you earn crypto in this way, you have ordinary income to report. The amount you report is the fair market value of the crypto you earned when you received it. You should report this income on your tax return on Schedule 1, as “Other Income.” From there, if you decide to sell your earned coins, you will have a capital gain or loss, depending on how the price of your crypto has changed from when you earned it.
Source: https://www.coindesk.com/layer2/2022/04/11/3-crypto-tax-tips-to-avoid-irs-trouble/?utm_medium=referral&utm_source=rss&utm_campaign=headlines