Yes to both. You would answer Yes to the question about cryptocurrency and you would need to enter the $5 as Other Income:
- With your return open, go to Federal > Wages & Income
- Open the Less Common Income section and start or revisit the last entry, Miscellaneous Income, 1099-A, 1099-C.
- On the next screen, start/revisit the very last entry, Other Reportable Income, and answer Yes on the following screen.
- On the next screen, enter a description (for example, "Coinbase Bitcoin Reward") and then enter the total USD amount.
- Select Continue when finished.
If you do end up selling this at some point down the road, the basis for it will be the $5 you are reporting as income in 2021.
