Here is the best way to report this in your return as this reward is ordinary income to you.
- Log into your account
- Select Wages and income
- Less Common income
- Miscellaneous Income, 1099-A, 1099>start
- Scroll to the bottom of the page to Other Reportable Income
- Other taxable income, answer yes
- Then give a brief description of the income and the amount listed. Here you can list this as a Coinbase Reward and then the amount. This will appear in line 8Z of Schedule 1 and will be part of a total in Line 8 on your 1040.
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