PatriciaV
Expert Alumni

Get your taxes done using TurboTax

Since it sounds like the income from your 1099-MISC was for interest earnings and not mining, you want to make sure it is entered correctly on your tax return. 

 

  1. With your return open, go to Federal > Wages & Income
  2. Open the Less Common Income section and start or revisit the last entry, Miscellaneous Income, 1099-A, 1099-C.
  3. On the next screen, start/revisit the very last entry, Other Reportable Income, and answer Yes on the following screen.
  4. On the next screen, enter a description (for example, "Crypto Interest") and then enter the total USD amount.
  5. You may repeat this for every currency for which you received interest or combine them on a single line.
  6. Select Continue when finished.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post