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New Member
posted Mar 22, 2022 2:33:50 PM

My crypto sent from the exchange to a ledger nano xis being shown as a sell on turbotax and being taxed. how do i fix it?

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2 Replies
Expert Alumni
Mar 22, 2022 3:04:01 PM

Do you believe that this entry should not be taxable?  Was the entry listed on tax statement or a 1099-B Proceeds statement?  Or was the entry listed somewhere else?  Please advise.

 

If you believe that the entry is incorrect:

  • You may have been given the opportunity to view a .csv file before uploading to TurboTax,
  • Or you may have been allowed to view the entries after they were uploaded to TurboTax, or
  • You should be allowed to view the entries at Federal / Income & Expenses / Investments and Savings / Stocks, Cryptocurrency....

And make corrections.

 

See also this TurboTax Help

Level 15
Mar 22, 2022 3:06:48 PM

If you only moved your assets, delete those related transactions.

Only SELL transaction are reported on your tax return.