TomK2023
Employee Tax Expert

Get your taxes done using TurboTax

Sometimes the program will "flag" this cryptocurrency section if you answer "No" to having a form (even though you didn't get one).

 

You can try the following options as a workaround of your issue.

 

  1. Open or continue your return.
  2. Revisit the crypto section, and when asked, "Did you get a 1099-DA (or 1099-B)?" select "Yes".
  3. Select "I'll type it in myself" on the next screen.
  4. Select "One by one" for the entry method.
  5. Enter your transaction details (use Coinbase, Binance for the "Institution Name") or "Manual Entry."

2. If you only have a few transactions and they are small, you can bypass individual entry entirely by:

  1. Open or continue your return.
  2. Delete your current crypto entries.
  3. Click on "Add Investments", then Click on "Stocks, Bonds, Mutual Funds."
  4. Select "Other", when asked for the type.
  5. Enter a Summary Total (for example):
  • Description: "Crypto Sales Summary"
  • Date Sold: Use 12/31/2025.
  • Date Acquired: Use "Various."
  • Proceeds/Cost Basis: Enter your total totals for the year.

Since the amounts are very small and no 1099 was issued to the IRS, a summary is perfectly acceptable for reporting purposes.

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