Digit Assets not Reported Elsewhere

SmedleyJ — Mon, 10 Mar 2025 22:55:55 GMT

I have some digit income from staking and from Coinbase rewards. I entered under Miscellaneous Income - Digital Assets not Reported Elsewhere. I hit continue, but it shows up as $0 in the summary. What am I missing. Should I enter it as a 1099-MISC under "1099-MISC and Other Common Income" even though I don't have a 1099-MISC?

Thank you

Re: Digit Assets not Reported Elsewhere

DawnC — Mon, 10 Mar 2025 23:05:12 GMT

No, leave it as is. You are not missing anything. The summary screen is only picking up the first category of miscellaneous income, so you see a zero on the summary screen, but the income has been properly reported on your Form 1040.

Preview your tax return and you will see the income that was reported under Digital Assets, not reported Elsewhere on Line 8v of Schedule 1. And the total amount from Schedule 1 will be on Line 8 of Form 1040.

When you preview the 1040, you can view the 1040 and Schedules 1-3 if included in your return.

How to Preview Form 1040 in TurboTax Online.

Use Forms Mode if you are using the desktop software.

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Digit Assets not Reported Elsewhere

Re: Digit Assets not Reported Elsewhere