JamesG1
Expert Alumni

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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