@JohnB5677you said "The interest (even in crypto) is taxable to you in the year you receive it, just like bank interest."It is opposite what Basement_Buzzard sa...
@Basement_Buzzard"The IRS lost its case to double tax crypto." It's good news. However, in my BlockFi account I found a 1099-MISC form. I did not sell anything....
@Basement_BuzzardIf you are right, then we do not need to report interest earned on crypto at all.(if interest was paid in crypto and I do not sell it, of cours...
Hi JoeFM,I do not think you are right about how to enter the crypto interest. You said enterthe total amount for the year.Let's say you had interest every month...
We need to enter every transaction, not just atotal USD amount. It is Form 8949.One simple example. Assume, I'm stacking 10 different coins. Every monthI've got...