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posted Jul 1, 2023 2:32:12 PM

How to file miscellaneous income (>20 from Coinbase Crypto Rewards) without a 1999

If I join the Coinbase to TurboTax, I keep getting errors for every transaction and they aren't resolving. Coinbase did not issue a 1099 as I am under the threshold. I'm trying to file just my miscellaneous income (Coinbase provides number on account, and it's >$20)

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1 Replies
Level 15
Jul 1, 2023 3:22:19 PM

Enter this Miscellaneous Income:

  1. Click on the Federal tab.
  2. Click on Income & expenses.
  3. Scroll down to Less Common Income.
  4. Click on Start or Update button Miscellaneous Income, 1099-A, 1099-C
  5. On the next screen (Let's Work on Any Miscellaneous Income), click the Start or Update button for Other reportable income.
  6. Did you receive any other taxable income.  Click Yes.
  7. Other Taxable Income, enter a description and the amount.  Click Continue.
  8. Click Done.

The income will be reported on Schedule 1 line 8 (z) with the description that you entered.