topic Re: Crypto Airdrop/Stake in Get your taxes done using TurboTax

Crypto Airdrop/Stake

kgraghu — Tue, 24 Feb 2026 06:19:27 GMT

I have 100+ crypto stake transactions and few crypto airdrop transactions. I am entering two summary records, one for airdrop and another for Stake in Other misc, Income section. Do I need to send individual transactions details to IRS? If yes, what other forms do I need to submit?

Re: Crypto Airdrop/Stake

ErnieS0 — Sun, 02 Apr 2023 14:16:15 GMT

No. You would need to additional documentation to the IRS if you are summarizing miscellaneous income unless they ask for it later.

You only need to send a Form 1099-B transaction summary or comparable statement if you are summarizing capital gains and losses on Schedule D.

Re: Crypto Airdrop/Stake

kgraghu — Sun, 02 Apr 2023 17:59:08 GMT

Thank you! Great, it is good to know that I don't have to send anything to IRS. Do I required to import TXF for these crypto airdrop/stake transactions?

Re: Crypto Airdrop/Stake

PattiF — Mon, 03 Apr 2023 02:19:11 GMT

No, you are not required to import TXF files for these transactions. Keep the records of these transactions in your files for at least three years.

Re: Crypto Airdrop/Stake

kgraghu — Mon, 03 Apr 2023 17:50:19 GMT

Thank you, this is very helpful.