Hi micah,
Refer below sample
HTML
<div>
<asp:TextBox ID="TextBixcomment" runat="server" class="form-control" placeholder="DROP COMMENT?"
Style="" Rows="5" TextMode="MultiLine" Font-Bold="False" Font-Names="Comic Sans MS"
Wrap="True" Width="100%"></asp:TextBox>
<br />
<asp:Button ID="Button1" runat="server" Text="Update" OnClick="Display" />
<br />
<asp:Label ID="lblcomments" runat="server" />
</div>
C#
protected void Display(object sender, EventArgs e)
{
lblcomments.Text = TextBixcomment.Text.Replace(Environment.NewLine, "<BR />");
}