To report your BlockFi income in TurboTax as income not subject to self-employment tax follow these steps: Log in to your TurboTax account if it is not open. Select the Wages & Income tab. Scroll down to Less common income click Show more. On the page Let's Work on Any Miscellaneous Income click on Other reportable income. On the page Any Other Taxable Income? select yes. On the page, Other Taxable Income enter "BlockFi Form 1099-MISC" for the description and the amount. Select continue and answer No on the next page.

Question

I received a 1099-MISC from my BlockFi account. Do I need to submit it even though i wasn't self-employed?

Forum|Forum|4 years ago
April 8, 2022
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TomK2023

To report your BlockFi income in TurboTax as income not subject to self-employment tax follow these steps:

Log in to your TurboTax account if it is not open.
Select the Wages & Income tab.
Scroll down to Less common income click Show more.
On the page Let's Work on Any Miscellaneous Income click on Other reportable income.
On the page Any Other Taxable Income? select yes.
On the page, Other Taxable Income enter "BlockFi Form 1099-MISC" for the description and the amount.
Select continue and answer No on the next page.