Yes. All income should be reported to the IRS, but they pay close attention to anything associated with Cryptocurrency. This is a new area for them, and people have avoided claiming it in the past.
You stated that this was "Miscellaneous Crypto Income". This is how to report it.
Select Federal from the left menu,
- Wages & Income
- Less Common Income
- Miscellaneous Income,
- Other income not already reported on a Form W-2 or Form 1099
If you later sell it, you'd pay the capital gains tax (short or long-term, depending on how long you held it).
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