I received a 1099-misc for crypto earnings. This was not a payment for services or mining. Where do I report this income?

Follow these steps if the import option didn’t work for you or you’d prefer to manually enter your crypto transactions.

1. Sign in to TurboTax, and open or continue your return
2. In the Wages and Income section under Investments and Savings (or Investment Income), select Start or Revisit next to Crypto (1099-B)
3. On the next screen, you may see Did you sell any of these investments in 2021? or Time to kick off your investments!, select either Yes or Okay!
4. On the We can make this faster screen, select Enter a different way, and then select Cryptocurrency on the following screen
   1. If, instead, you’re asked to select an investment type, select Cryptocurrency
   2. You’ll then see the Get ready to be impressed screen. Select Continue, then select Try another way
5. Select Type it in myself on the Select your crypto experience screen
6. On the Let’s enter your crypto tax info screen, search for your cryptocurrency exchange
7. On the Did you get a 1099-B screen, answer accordingly
   1. If you didn’t get a 1099-B, skip to step 11
8. Continue answering the interview questions to help us determine the best way to enter your transactions, then select Continue
9. Depending on your answers, we’ll recommend either entering your sales One by one or as Sales section totals
10. If you answered yes to getting a 1099-B in step 7, we’ll help you find your sales on your form. Then select Continue
11. Enter your sale information on the next screen, then select Continue
12. Review your sales information. Repeat these steps for any additional transactions

Your Bitcoin, Ethereum, and other cryptocurrencies are taxable. The IRS considers cryptocurrency holdings to be “property” for tax purposes, which means your virtual currency is taxed in the same way as any other assets you own, like stocks or gold.  Click here for additional information from The IRS on Virtual currency.