JamesG1
Expert Alumni

Get your taxes done using TurboTax

6 units have cost basis of $16.66 each and total $100.00 investment.

 

Selling 3 units @ cost basis of $16.66 = $49.98

Sales proceeds 3 units @ $16.00         = $48.00

 

Capital loss                                              = $ 1.98  reported on IRS form 8949 / Schedule D Capital Gain and Loss

 

Please follow these directions.

 

  • Go to Federal / Wages & Income / Your income / Investments and Savings.
  • Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
  • Click Add investments.
  • At the screen Get ready to be impressed, click Continue.
  • At the screen Let’s import your tax info, click Enter a different way.
  • At the screen OK, let’s start with one investment type, select Cryptocurrency.  Click Continue.
  • At the screen Select your crypto experience, select Type it in myself.  Click Continue.

@kegei 

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