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Get your taxes done using TurboTax
There are really two transactions here. @HelenC12 Gave you excellent guidance.
- You are correct, The income you received from mining is considered earned income, and will be posted to Miscellaneous income. I suspect that that may be what is on the 1099-K. How do I report income from self-employment?
- In addition you will have to post the sale or exchange of any of the cryptocurrencies. How do I report Bitcoin or another cryptocurrency as a capital gain?
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‎February 28, 2022
10:25 AM
1,621 Views