1099-Misc

[aship005]

So, I am pretty much done with my taxes, but I held some crypto on an exchange called Celcisu and they sent me 1099-misc. No big deal, just typed stuff in as I saw it, but in review mode TurboTax picked this up and though I have follwed the directions at the top of the picture no value gets filled in box everytime I go to review. Does anyone know what I am supposed to input into this box? Thanks

[DawnC]

To clarify, what kind of income does the 1099-MISC represent?   Did you mine the crypto of did you hold it as an investment then sold or exchanged it?    Did you receive it as payment for goods or services in your business?    

The tax implications are different depending on the scenario.  The crypto guide below covers most transactions, but how it is reported depends on how the income was generated.  See the link for more information.   

Your Cryptocurrency Tax Guide