JohnB5677
Expert Alumni

Get your taxes done using TurboTax

There are really two transactions here. @HelenC12 Gave you excellent guidance.

  1. 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?
  2. 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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