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Get your taxes done using TurboTax
@JohnB5677
you said "The interest (even in crypto) is taxable to you in the year you receive it, just like bank interest."
It is opposite what Basement_Buzzard said above about the IRS losing its case to double tax crypto. The IRS has declared crypto Property not currency.
Who is right?
If Basement_Buzzard is right, we do not need to report interest earned in crypto at all.
If you are right, then the question remains. What is the best way to report my 120 transactions (10 coins got interest each month) using the TT desktop version?
‎February 21, 2022
9:32 AM