So do adjustments need to be made or not? I don't understand how it would reduce my gain? Regardless of the reward amount, the amount I bought for and sold is unaffected. Let's say 50 crypto @ $1 was sold for $2. I made $50. Now lets says 1 of those 50 cryptos is a reward and the amount I actually purchased was 49 crypto, giving my actual purchase amount a $49 gain. How does the reward affect this? If the reward never happened, my gain would still be $49. Anyway, is it correct to report the crypto as income on 1099-MISC AND any gain/loss on the reward?
Thank you.
