If you have 1099-MISC box 3 income for crypto or other investment income not considered self-employment income, follow these steps to enter your 1099-MISC in TurboTax Online:
- Open or continue your return
- Go to Federal, then Wages & Income
- Under Other Common Income, select Start or Revisit next to Form 1099-MISC
- Enter your 1099-MISC info on the Let's get the info from your 1099-MISC screen and Continue
- If you’re editing a 1099-MISC you already entered, select Edit next to your form
- On the Describe the reason for this 1099-MISC screen, enter crypto investment other income
- Select None of these apply on the Does one of these uncommon situations apply? screen
- Select No it didn’t involve work like my day job on the Did the involve work that's like your main job? screen
- Select I got it in 2022 on the How often did you get income for? screen
- Select No it didn’t involve intent to earn money on the Did the involve an intent to earn money? Screen
- Even though staking and earning crypto interest/rewards may earn you money, you need to select No here because this investment income isn’t subject to self-employment taxes
- Select No on the Do you have another 1099-MISC? screen