I reported this in "Miscellaneous Income" > "Other reportable income" at the very bottom instead of "Other income not already reported on a Form W-2 or Form 1099" since this wasn't really earned income from labor. Is this the correct way to do it?
You'll need to sign in or create an account to connect with an expert.
Sales are reported on the form 8949 & Sch D even if no 1099-B is issued ... do NOT enter it in the 1099-MISC area.
These aren't sales. I "earned" these from lending my crypto in a lending platform such as Celsius, Blockfi, etc.
Multiple posts : https://ttlc.intuit.com/community/user/viewprofilepage/user-id/2432787
If you earned them because you worked for them then they go on a Sch C even if you don't get a reporting form for the income.
If some of the crypto was liquidated or sold it goes on the Sch D.
If these were misc income they go on sch 1 line 8.
What do you mean by multiple posts?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
dhornbytax
New Member
dionne_materioli
New Member
ad4ee335e27c
New Member
jbmi375803
New Member
mcstel
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.