Do crypto staking losses offset capital gains for tax purposes?

I see a ton online about taxability of staking gains – but haven’t found anything about the tax impact of crypto staking losses. If you stake crypto and then later you unstake it all and what you get back is worth, say, half what you put in – does that count as a financial loss for tax purposes? It sure feels like a loss but I realize that’s not necessarily relevant from an IRS perspective as I decide when to cut my losses (this tax year, next).

Answer: When you unstake you get back the crypto you put in, and when you sell that crypto its cost basis (the price you paid when you originally bought it prior to staking) versus selling price is evaluated resulting in either capital gains or losses which will impact taxes in the usual manner.