@Sodium120mg wrote:
I made investment in stable coins like GUSD which earns interest. I have not sold any crypto but do i need to report the interest income in 1099-MISC. The bank or the company will not send one for the next tax year.
Interest income is reported on Form 1099-INT, not 1099-MISC. Enter the interest in TurboTax as if you got a 1099-INT, even if you didn't actually get one. All you have to enter is the payer's name and the amount of interest.
@Sodium120mg wrote:
So wanted to find out.
What exactly do you want to find out? I told you how to enter the interest income in TurboTax. Was that your question, or is there something else?
