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How to avoid 1099-Misc trigger 15.3% Self-employment tax on Crypto earn/interest earned
Hello,
This year the crypto platforms are reporting eared interest (in my case from Stablecoins) on form 1099-Misc in box 3. When I enter this into TuboTax I answer the 3 questions and it triggers the self-employment tax of 15.3%. I AM NOT SELF EMPLOYED! This is income like interest in a savings account. How do I report this in Turbobax without getting more/additional taxes? Would like to see process for 2022 taxes (not previous years). Thanks
‎February 22, 2023
6:17 AM