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New Member
posted Feb 26, 2025 6:27:10 PM

Do I need to add a principal business code to my return for crypto staking via Coinbase? Coinbase provided a 1099-MISC. I'm getting asked to input self employment info

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1 Replies
Expert Alumni
Feb 26, 2025 7:20:04 PM

No, you don't generally need to add a principal business code to your tax return for crypto staking via Coinbase.

 

However, if you are involved in cryptocurrency mining, it falls under NAICS code 518210, which covers Data Processing, Hosting, and Related Services