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New Member
posted Jun 4, 2023 10:52:25 AM

Cryptocurrency mining proceeds

last year I got a 1099-NEC for the proceeds I earned running a cryptocurrency miner in my home. In 2022 my proceeds were below the $600 threshold for reporting by my cryptocurrency mining company and I didn't receive a 1099-NEC. How do I report these proceeds on my federal taxes? Do I create a 1099-NEC, just like last year, but with the correct proceeds in box 1?

 

 

 

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1 Replies
New Member
Jun 4, 2023 11:00:52 AM

In addition, I have not bought or sold any of the proceeds. I just mined them.