Thanks.
Mining may be considered a trade or business, because it obviously involves some work and expenses and equipment, but not staking, which is just passive income, like earning interest at a bank.
Staking was not addressed anywhere in that link you sent me.
Given that all of your experts are giving me mixed signals in this thread, I do not think this issue is settled.
I will research it further with the IRS and see if other tax software does the same as TurboTax. I'm going to put it in as Prize Winnings and may just have to have a Chat with the IRS if necessary.
Most folks who stake do not receive a 1099-MISC, and not just because they earned less than $600. That's millions or maybe tens of millions of dollars being filed as ordinary income, not self-employment income with the added 15.3% self-employment tax.
