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Get your taxes done using TurboTax
Some crypto exchanges (Coinbase) are using IRS form 1099-Misc to report traders’ gross income from crypto rewards or staking.
Is this what you are referring to? Please clarify.
This amount is typically reported in Box 3 of Form 1099-MISC, as other income and not reported as self-employment income.
In TurboTax online, the income would be reported under Federal / Wages & Income / Your Income / Less Common Income / Miscellaneous Income, 1099-A, 1099-C.
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February 6, 2022
1:12 PM