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I lost $4k in cryptocurrency in 2018, but I did not get a 1099B form. How do I enter that in turbotax (premium) schedule D?

I see schedule D in TurboTax but it asks for data from 1099B.  The cryptocurrency investment group folded so I didn't get any paperwork. 

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Cindy0H
New Member

I lost $4k in cryptocurrency in 2018, but I did not get a 1099B form. How do I enter that in turbotax (premium) schedule D?

If you hold Bitcoin as a capital asset, just like stocks or bonds, any gain or loss from the sale or exchange of the asset is taxed as a capital gain or loss. If you are a miner, it is completely different.

Here is where you enter it:

  • Income & Wages
  • Investment Income
  • Stocks, Bonds....start
  • No to a 1099B
  • Type of investment... everything else

If you have other questions about this, ask in the comment section below.

https://ttlc.intuit.com/replies/3301738

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1 Reply
Cindy0H
New Member

I lost $4k in cryptocurrency in 2018, but I did not get a 1099B form. How do I enter that in turbotax (premium) schedule D?

If you hold Bitcoin as a capital asset, just like stocks or bonds, any gain or loss from the sale or exchange of the asset is taxed as a capital gain or loss. If you are a miner, it is completely different.

Here is where you enter it:

  • Income & Wages
  • Investment Income
  • Stocks, Bonds....start
  • No to a 1099B
  • Type of investment... everything else

If you have other questions about this, ask in the comment section below.

https://ttlc.intuit.com/replies/3301738

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