Hello Karen again. So I went through TurboTax CD product and got few more question about this alt coin situation.
I understand that for each transaction I have to file in Stock Bond section.
First, what is the category of this? Would it be "Short-term transaction- not being reported to the IRS." category? Or another one?
Also, say that I used all 0.5 ETH to buy altcoin (say LTC), when I put this for each row:
1a Description will be ETH, and 1d (Proceeds) will be 0.5 * ETH USD price of that time? How about 1e (Cost basis?) Do I only fill 1a and 1d for the trading?
Thanks again
