- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
What is the miscellaneous income for? You are obviously under the thresholds below, so Coinbase is not required to send you a 1099-MISC form.
If you received certain payments above certain amounts for your trade or business unrelated to nonemployee compensation for the following items, they will typically be reported to you on Form 1099-MISC:
- At least $10 in royalties (box 2) or broker payments in lieu of dividends or tax-exempt interest (box 8).
- At least $600 in:
- Rent (box 1);
- Prizes and awards (box 3);
- Other income payments (box 3);
- Generally, the cash paid from a notional principal contract to an individual, partnership or estate (box 3);
- Any fishing boat proceeds (box 5);
- Medical and health care payments (box 6);
- Crop insurance proceeds (box 9);
- Payments to an attorney (box 10);
- Section 409A deferrals (box 12); or
- Nonqualified deferred compensation (box 14).
- You should also receive Form 1099-MISC from any business or person that withheld any federal income tax on your behalf under backup withholding rules, regardless of amount withheld or the amount paid.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 27, 2024
10:12 AM