The main objective is to report this income properly on your tax return.
Several different option are available for entering the information in TurboTax in order to get it in the right spot on your Federal Tax Return.
For "Staking Rewards" I suggest you enter the 1099-MISC in the "Income from Form 1099-MISC" under the OTHER COMMON INCOME section
Select "This was a manufacturer's incentive payment" on the "DOES ONE OF THESE UNCOMMON SITUATIONS APPLY" since I believe this type of payment would fit that definition.
Continue the interview.
The income is NOT Self-Employment.
The income is NOT considered interest by the IRS because the IRS considers Crypto as property.
Be sure to record the value of this property so that you can properly report the sale of the crypto when that happens.
@sims6851
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