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New Member
posted Mar 18, 2023 1:41:50 PM

It doesn't appear that ETH2 Staking Rewards are generating an Other Income in Turbotax.

0 2 819
2 Replies
Expert Alumni
Mar 18, 2023 5:05:18 PM

Where and how did you enter your ETH2 staking rewards in TurboTax?

 

You can enter your staking rewards as other income.

 

  1. Click Federal in the left column
  2. Click Wages & Income 
  3. Scroll down to Less Common Income. Tap Show more
  4. Select Miscellaneous Income, 1099-A, 1099-C
  5. Select Other reportable income
  6. Say Yes to Any Other Taxable Income?
  7. Enter a description (RTH2 Staking Rewards) and amount ($xxx) 

New Member
Mar 20, 2023 8:37:45 AM

It appears that there is a reason.

 

According to this document:

https://help.coinbase.com/en/coinbase/taxes/general-information/eth-taxes

Staked ETH or cbETH not reported as income prior to 2023

Coinbase hasn’t reported income from staked ETH and cbETH before this upgrade event because customers didn’t have the ability to sell or realize their ETH rewards.