3522448
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
SabrinaD2
Expert Alumni

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

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question