According to this Turbo Tax reference, this is the precise method for entering Crypto currency transactions into your turbo Tax.:
1. Select the Federal tab
2. Select Wages and Income
3. Select Investment Income
4. You'll list each trade/sale in the Stocks, Mutual funds, Bonds, Other interview
5. When asked Did you get a 1099-B or a brokerage statement for these sales? select No
6. When asked to Choose the type of investment you sold select Everything else for held for investment, if held for personal goods choose Personal Items.
7. Translate proceeds of each sale into US dollars at the time of the sale or movement.
8. Repeat for each transaction or report summarily.
Please select the hyperlink above for more additional information about how to report crypto currency transactions in your return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
