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  • E.g. Receiving payment for work in $USDC and tips for sharing info through Farcaster|Warpcast in $USDC and $DEGEN
  • This is important for everyone who's self employed and pays federal and state quarterly estimated taxes
  • When using TurboTax's TTs federal 1040-es income is tracked by short|long term capital gains, earned income, and investment income to calculate the estimate tax to pay at that given time of the year
Solution
  • Add "Earned income" as a new "Transaction type"|"Category" label to CoinTracker for users to manually apply
  • In the Taxes view > Taxable income section have a column for "Earned income" and "Investment income"
Workaround
Manually track earned income outside of CT that also shows as other income in CT to make sure it's not double counted when calculating quarterly estimated taxes