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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.
- With your return open, go to Federal > Wages & Income
- Open the Less Common Income section and start or revisit the last entry, Miscellaneous Income, 1099-A, 1099-C.
- On the next screen, start/revisit the very last entry, Other Reportable Income, and answer Yes on the following screen.
- On the next screen, enter a description (for example, "Crypto Interest") and then enter the total USD amount.
- You may repeat this for every currency for which you received interest or combine them on a single line.
- Select Continue when finished.
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March 25, 2022
8:13 AM