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I have this same problem. I have income from staking crypto on a 1099-MISC with the amount in Box 3. I do not want to and should not have to pay 15.3% Self-Employment tax on top of ordinary income tax! This is NOT self-employment and I do not have any expenses to deduct.

 

Turbo should provide a checkbox exemption for crypto staking like they do for prize winnings and lawsuit awards, etc.

 

I'll see if the Exchange will reissue me a 1099-INT, but otherwise I will just report it as Miscellaneous Income like my other staking income for which I was not given a 1099 even though it was well over $600.

 

I realize the IRS may come knocking about the 1099-MISC form that they received and I didn't file. There's just no way this is self-employment. That would be like interest from my bank being self-employment and subject to self-employment tax.