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Get your taxes done using TurboTax
@taylor59 No, don't enter it there. You can enter it directly into the area for a 1099-MISC. But there are three important points to consider.
1. It's going to ask you - after you have input the amount into box 3 of the 1099-MISC worksheet - whether this work was similar to your main job. You have to be able to answer no.
2. It's going to ask you if this work involved an intent to earn money. If the staking is a hobby whose side effect is that money is earned then that is ok. If the only reason that you did this was to earn money then you end up in self-employment land again.
3. It's going to ask how often you anticipate receiving this payment. If it's once or twice, you're good. If it's regularly you're back to self-employment income.
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