WebApr 14, 2024 · As an Enrolled Agent and tax expert for TurboTax, I had a chance to sit down with the CEO of INFLCR Jim Cavale, student-athletes Margzetta Frazier gymnast at UCLA and Julian Strawther a basketball guard at Gonzaga to discuss all things taxes for NIL. ... website fees. Since you pay taxes on your net income (gross income minus your … WebFeb 27, 2024 · Here's how to enter your staking rewards in TurboTax: With your return open, select Federal from the left side navigation. On the top tabs, select Wages & Income Scroll …
Cryptocurrency TurboTax Desktop® US Support - Intuit
WebAug 10, 2024 · The total ordinary income from staking between May and August is $557.06 and should be reported as taxable income. If you are staking cryptocurrency and the activity is classified as just a hobby, you should include the taxable income amount as Other income on line 21 of Form 1040 Schedule 1. WebCryptocurrency income from staking and mining crypto as a hobby can be entered as ‘Miscellaneous Income’ in the TurboTax platform. How do I format my cryptocurrency … csc form editable
Cryptocurrency TurboTax Desktop® US Support - Intuit
WebPosted by cryptovector Reporting 1099-MISC in Turbotax I just got my 2024 1099-MISC and I'm curious how those of you who use Turbotax are reporting it. It seems to want to classify it as self employment income which I am not sure is correct. This thread is archived New comments cannot be posted and votes cannot be cast 14 20 20 comments Best WebTurboTax - How to Add Crypto Income Tyler 4 days ago Updated Step 1: From your "Tax Home" page Step 2: Click "Wages and Income" Step 3: Click either "Let's get started" or "Pick up where you left off", whichever option you see: Step 4: Scroll all the way down to the bottom of this new page and select Less Common Income. WebDec 1, 2024 · With TurboTax Live Full Service Premier, our specialized tax experts are here to help with anything from stocks to crypto to rental income. Backed by our Full Service … dyson air purifier tp07