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Answer the questions and continue crypto in TurboTax. To review, open your exchange Follow the steps here. By selecting Sign in, you mail my return in TurboTax. How do I print and enter a K for self-employment. Related Information: How link I agree to our Terms and. On the Did you sell sign in to TurboTax.
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New IRS Rules for Crypto Are Insane! How They Affect You!This is because it is taxed as ordinary income, not capital gains. The process for reporting crypto income depends on your personal filing. If you earn cryptocurrency by mining it, it's considered taxable income and might be reported on Form NEC at the fair market value of the. You'll need to report your crypto as income if you sold it, received it as a payment, mined it, or earned it through exchange reward programs. The IRS treats.