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Crypto income reported in Box 7 1099-Misc is business income and is entered on Schedule C. You can't take amounts on 1099-Misc and call them income from 1099-B.
Q-13: Is a person who in the course of a trade or business makes a payment using virtual currency worth $600 or more to an independent contractor for performing services required to file an information return with the IRS? A-13: Generally, a person who in the course of a trade or business makes a payment of $600 or more in a taxable year to an independent contractor for the performance of services is required to report that payment to the IRS and to the payee on Form 1099- MISC, Miscellaneous Income.
‎February 24, 2020
9:06 AM