Not tax advice ยท last updated 25 October 2026
Interest and rewards income
review with a tax pro. A payout is ordinary income, not a Form 8949 line.
Enter a quantity and a per-bitcoin fair market value, or enter the total fair market value if you already have it. That amount is ordinary income and the basis of the new lot. If fair market value is blank, income stays blank. This page does not look up a price.
Notice 2014-21 treats bitcoin as property. Interest, rewards, and similar receipts are not sales. The later disposition is the Form 8949 line, and the basis is this fair market value.
FAQ
Is a reward a capital gain?
No. It is ordinary income at fair market value when you receive it. The capital gain or loss is computed later, when the lot is sold.
What if I do not know the dollar value?
Leave it blank. This page will not invent one, and it will not substitute zero.
Where does the worksheet put this?
On the income summary, not on Form 8949. The new lot is available for a later sale.