The interest you refer to sounds like staking. Staking will generate passive income. This is similar to getting interest in a checking account.
- Staking will be taxed in the year that you receive it (Taxed as $USD)
- Posted to Wages & Income
- Less Common Income
- Miscellaneous Income, 1099-A, 1099-C
- Income from renting out personal property (not rental real estate or farm rentals)
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