Are you confident in accurately reporting cryptocurrency earnings on your tax returns?

How do I report my Steemit taxes?

The easiest way to report your Steemit taxes is to connect your Steemit account to CoinTracker. CoinTracker automatically imports your STEEM and SBD transactions, content rewards, conversions, and transfers—then calculates your income, capital gains, and cost basis to generate tax forms ready for filing.

How do I connect my Steemit account to CoinTracker?

To add your Steemit transactions to CoinTracker:

  1. Download the CSV export of your transactions from Steemit

  2. Reformat those transactions into our CoinTracker CSV format (see our support guide here)

  3. Import your CSV export to CoinTracker here

How to find your Steemit public address

Your Steemit account functions as your public identifier on the blockchain. You can use your Steemit username to track your rewards and transactions.

To find your address (username):

  • Log in to your Steemit account

  • Click on your profile picture or username in the top-right corner.

  • Your Steemit username (e.g., @yourname) acts as your public address.

To find your STEEM or SBD wallet address:

  • Navigate to your Wallet tab.

  • You'll see balances for STEEM, STEEM Power (SP), and STEEM Dollars (SBD).

  • Click Transfer to view or copy your wallet information.

You can safely share your Steemit username for tracking and imports. Never share your private posting, active, or owner keys.

How are Steemit transactions taxed?

Steemit rewards and transactions are taxable based on how you earn and use your tokens.

  • Author or curation rewards (STEEM/SBD) – Ordinary income at fair market value on the date received.

  • Powering up (converting STEEM → SP) – Non-taxable transfer (you still own the same asset in a different form).

  • Powering down (SP → STEEM) – Non-taxable, but any later sale or conversion to fiat is taxable.

  • Selling STEEM or SBD for fiat or other crypto – Taxable capital gain/loss = sale proceeds − cost basis.

  • Transferring tokens between your own accounts – Non-taxable, but important for tracking basis.

  • Using STEEM or SBD for purchases or services – Taxable as a disposal event.

CoinTracker automatically classifies author rewards as income and distinguishes between income and capital gains for accurate tax calculations.

Can the IRS track Steemit?

Yes. Steemit is a public blockchain built on the Graphene protocol. The IRS and other tax agencies can:

  • View on-chain Steemit activity linked to public usernames.

  • Analyze reward distributions and wallet transfers through blockchain explorers.

  • Match transactions when STEEM/SBD are traded or converted on KYC exchanges.

Using CoinTracker ensures that your Steemit activity—including author rewards, curation income, and conversions—is reported correctly and transparently.

Frequently asked questions

Get advice and answers from the CoinTracker team.

Calculate your Steemit taxes automatically with CoinTracker