How do I enter virtual currency information? Do I even have to report?

nourollahi1 · ‎June 4, 2019

JulieCo · ‎June 4, 2019

You only need to include sales of virtual currency investments on your tax return. If you have just invested and did not have any transactions in 2017, then you do not need to report. Also, if you were "paid" in virtual currency, you will need to record the income of items or services sold.

Here is more information as well as how to record virtual currency transactions in TurboTax:

https://ttlc.intuit.com/replies/6468764

https://ttlc.intuit.com/replies/6468300

View solution in original post

JulieCo · ‎June 4, 2019

You only need to include sales of virtual currency investments on your tax return. If you have just invested and did not have any transactions in 2017, then you do not need to report. Also, if you were "paid" in virtual currency, you will need to record the income of items or services sold.

Here is more information as well as how to record virtual currency transactions in TurboTax:

https://ttlc.intuit.com/replies/6468764

https://ttlc.intuit.com/replies/6468300