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February 27, 2025
Question

Do I need to add a principal business code to my return for crypto staking via Coinbase? Coinbase provided a 1099-MISC. I'm getting asked to input self employment info

  • February 27, 2025
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    February 27, 2025

    No, you don't generally need to add a principal business code to your tax return for crypto staking via Coinbase.

     

    However, if you are involved in cryptocurrency mining, it falls under NAICS code 518210, which covers Data Processing, Hosting, and Related Services