JohnB5677
Expert Alumni

Investors & landlords

Yes, you should download, but not import all of your reporting forms.  By the download, I mean you want to be able to view them without importing them into TurboTax.

 

You mentioned that you earned interest, I suspect this was from staking, and it's taxable when you receive it.

Staking will generate passive income.  This is similar to getting interest in a checking account.

  1. Staking will be taxed in the year that you receive it (Taxed as USD)

  2. Posted to Wages & Income

  3. Less Common Income

  4. Miscellaneous Income, 1099-A, 1099-C

  5. Income from renting out personal property (not rental real estate or farm rentals)

Now you can view and evaluate all of the downloaded documents and determine which you will need to include all of the Crypto transactions and import them into TurboTax.

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