How to enter cryptocurrency on the downloaded version???
- In TurboTax, open your tax return.
- Click on Federal in the left-hand column, then on Wages & Income on top of the screen.
- Scroll down to All Income, locate the section Investment Income and click on Show more.
- Click Start next to Stocks, Mutual Funds, Bonds, Other.
It depends on what product being used and what the issue is for the transaction log.
When it comes to cryptocurrency taxes, keep things as honest and transparent as possible. The IRS views cryptocurrency as property, and so any capital gains acquired from the sale or transfer of said property must be reported as income, the same as the sale or transfer of any other asset.
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