![]() ![]() Forms 1099-MISC will be issued according to this calculation (reflecting the USD equivalent) regardless of whether assets have been redeemed from. (If you click See examples next to Yes, it says, " You had an intent to earn money if you signed up for a job to make money. Earnings from lending crypto assets through the Gemini Earn program will be calculated by identifying the daily asset allocation multiplied by the current price of the asset at the time of allocation. involve an intent to earn money page, select No. (If you click See examples, it says, " It mainly applies to income you get for performing a job.") ![]() Note: If you’ve earned less than 600 in crypto income, you won’t be receiving a 1099-MISC form from us. Select the appropriate box(es), but do not select the I intend to get it in 2023 box. Coinbase Taxes will help you understand what activity is taxable, your gains or losses, earned income on Coinbase, and the information and reports (including IRS forms) you need to file. Navigate to your 'Federal' tax filing and make sure youre under the 'Wages & Income' tab. After your initial TurboTax info set up, youll see the following page.
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