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Get your taxes done using TurboTax
Thanks for the response, but now I'm getting conflicting advice from two different Employee Tax Experts. Based on my research, I don't believe crypto staking rewards should trigger self-employment tax, even though the intent is to earn money and the staking rewards are regular. It's similar to depositing money in an interest bearing account - the intent is to earn money through regular interest payments but it's not self-employment income. Other staking rewards I've received were not reported on a 1099-MISC, and I just entered them as "Other Income." However, these staking rewards are reported on a 1099-MISC (in box 3, Other income). I need to know how to enter these into TurboTax without triggering self-employment.
ā€ˇFebruary 24, 2022
4:52 PM