What if I receive 1099-MISC box 3 income for my crypto?
by TurboTax•208• Updated 1 month ago
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 1099-MISC.
- On the Did you get a 1099-MISC? screen, select Yes.
- If you enter on the Your 1099-MISC summary screen, select Add another 1099-MISC.
- Enter the details from your 1099-MISC and select Continue.
- 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 your main job on the Did the crypto investment income involve work that's like your main job? screen.
- Select You got it in 2024 on the How often did you get income for crypto investment other income? screen.
- Select No it didn’t involve an intent to earn money on the Did the crypto investment other income 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.
- Follow the remaining onscreen instructions.
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