Where to put income for crypto staking

[whc8488]

Hello,

I have some crypto staking and reward income I need to report. I am planning to use transaction list, convert it to USD using historical data and have some questions regarding that.

1. I have a transaction list with me. Some staking reward came daily basis and I have long list of it. Do I need to report this individual transaction or can I sum by asset and report each asset?

2. Since sum of these rewards are less than $600, I don't have generated doc like 1099-MISC. Where do I need to go and file this? I saw some answers regarding Turbo Tax web platform, but I am currently using Turbo Tax Deluxe Desktop version (Windows) and having hard time finding where.

Thank you

[ColeenD3]

Cryptocurrency airdrops are (usually) free distributions of coins or tokens into multiple wallet addresses to promote and drive adoption of a new virtual currency.

Recently, the IRS ruled that airdrops, along with promos and staking rewards, only become taxable once the taxpayer "acquires the ability to transfer, sell, exchange, or otherwise dispose of the cryptocurrency." Airdropped currency that's not yet usable or accessible would therefore not be taxable until the taxpayer can exercise control over it.

Step 1 - Convert to USD

Step 2 - Enter in TurboTax

Staking Award