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Get your taxes done using TurboTax
there's just too much ambiguity. yes, this is literally "bank interest", only that there's no "bank", there's an exchange instead, and that there's no USD, rather there are crypto tokens (which in my case is USDC which can usually be traded 1:1 to USD)
staking programs almost all of them pay weekly instead of 1 a year like it was some sort of prize money.
going with the bank example, do you have an intent to make money if you deposit your money in a savings account? hell yes you do, otherwise you wouldn't deposit it there. does that mean you are self employed? no
turbotax (and the IRS) clearly need to improve here
‎February 25, 2023
10:46 AM