Do you have a printout of your staking rewards showing US dollars earned in 2024?
In TurboTax Online, you may enter your staking rewards in TurboTax as other income:
- Down the left side of the screen, click Federal.
- Down the left side of the screen, click Wages & Income.
- Click the down arrow to the right of Less Common Income.
- Click to the right of Miscellaneous Income, 1099-A, 1099-C.
- Click to the right of Other reportable income.
- At the screen Other Taxable Income, enter a description such as “Rewards” and an amount.
The entries will be reported:
- on line 8z of Schedule 1 of the Federal 1040 tax return, and
- on line 8 of the Federal 1040 tax return.
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