The rewards payments from Coinbase for things like "Watch this video to learn about xyz currency and earn $3" would be reported as other income. To enter income here, follow these steps:
- With your return open, go to Federal > Income & Expenses
- 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 on the very last entry, Other Reportable Income, and answer Yes on the following screen.
- Enter a description (for example, "Coinbase Rewards Payments") and then enter the total USD amount at the time of the reward, not its current value.
- You may repeat this for every currency for which you received interest or reward or combine them on a single line.
- Select Continue when finished.
