BW48
Level 1

Coinbase

hello:  I bought $500 of crypto from Coinbase Global, Inc. in April, 2022 and sold it at a loss the next month for $242.45.  Because this transaction was less than $600, Coinbase did not send me a 1099-B.

 

I am using TT Premier CD version and I decided to enter the transaction under Wages and Income/"Here are your sales that are not reported on a Form 1099-B"

 

I entered Coinbase Global as the descriptor.  It  appears to show up in my forms but the TT labeled it a "NO FINANCIAL INSTITUTION"

 

My question is:  did I do it correctly?