Crypto Yearly interest income reporting

Here's a link to some tax info

https://www.cryptotrader.tax/blog/the-traders-guide-to-cryptocurrency-taxes

the way i look at this is similar to a dividend reinvestment program (DRIP).  example you hold stock in a DRIP. dividends are paid by the company and reinvested in more stock.  the amount of the dividend reinvested is taxable income.  this is true despite the fact that you do not sell the stock.  in fact the value of the overall holdings could fall and you would still report the full amount of the dividend as income. you get t take the s in value when you sell the stock. however, there are was sales rules.  . 

so my take is that such interest when credited to your account is taxable.  any decline in the value of the crypto could only be taken when sold.  You would also be subject to the wash sales rules

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@Sodium120mg wrote:

I made investment in stable coins like GUSD which earns interest. I have not sold any crypto but do i need to report the interest income in 1099-MISC. The bank or the company will not send one for the next tax year.

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Interest income is reported on Form 1099-INT, not 1099-MISC. Enter the interest in TurboTax as if you got a 1099-INT, even if you didn't actually get one. All you have to enter is the payer's name and the amount of interest.

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@Sodium120mg wrote:

So wanted to find out.

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What exactly do you want to find out? I told you how to enter the interest income in TurboTax. Was that your question, or is there something else?