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Crypto staking
I’m receiving staking rewards with my crypto currency. The value is under $600 so I did not receive a 1099. How is this reported? This is not treated as a busing or mining, rewards are from an exchange. I’m reading that it should be filed in “Other Income" on Line 8 of Schedule 1”. Is this the correct method? (not required to report it specifically as crypto?)
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April 4, 2023
6:07 PM