Virtual currency is considered to be a subset of the digital currency group, which also includes cryptocurrencies, which exist within the blockchain network. If you just need assistance with how to enter virtual currency, please see the steps posted below:
Your should have received form 1099-B if you sold cryptocurrencies.
You can enter your form 1099-B by following these steps:
- 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
If you have any negative values on your 1099-B, please see the FAQ link posted below:
How do I fix my 1099-B negative values?
Please let us know if this helps.
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