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How do I enter Coinbase rewards?

I earned crypto rewards but haven't sold any.  How do I enter the misc income?
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1 Reply
RaifH
Expert Alumni

How do I enter Coinbase rewards?

The rewards payments from Coinbase for things like "Watch this video to learn about xyz currency and earn $3" would be reported as other income. To enter income here, follow these steps:

  1. With your return open, go to Federal > Income & Expenses
  2. Open the Less Common Income section and start or revisit the last entry, Miscellaneous Income, 1099-A, 1099-C.
  3. On the next screen, Start/revisit on the very last entry, Other Reportable Income, and answer Yes on the following screen.
  4. Enter a description (for example, "Coinbase Rewards Payments") and then enter the total USD amount at the time of the reward, not its current value.
  5. You may repeat this for every currency for which you received interest or reward or combine them on a single line.
  6. Select Continue when finished.
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