RaifH
Expert Alumni

Get your taxes done using TurboTax

Yes, you will want to enter rewards and interest as Other income. To do this:

  1. With your return open, go to Federal > Income & Expenses
  2. Open the Less Common Income section and start or revisit the last entry, Miscellaneous Income, 1099-A, 1099-C.
  3. On the next screen, start/revisit the very last entry, Other Reportable Income, and answer Yes on the following screen.
  4. On the next screen, enter a description (for example, "Coinbase Rewards Payments") and then enter the total USD amount at the time of the reward, not its current value. 
  5. You may repeat this for every currency for which you received interest or reward or combine them on a single line.
  6. Select Continue when finished.

If you received any cryptocurrency from mining or as a payment for services, this would have to be reported as self-employment income. 

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