If you transferred money from cash out from your gambling site, then this would be the cost of the BTC. Since it is taxable funds it would also consitute a cost basis for your BTC. Only you can determine the actual cost basis of your BTC purchase.
Once you have your figures (suggest you choose 'I'll enter myself'):
- Open or continue your return.
- Select Federal from the left menu, and Wages & Income from the menu near the top.
- Scroll down and select Show more next to Investment Income.
- Select Start or Revisit next to Cryptocurrency.
- Follow the instructions and we'll calculate the gain or loss from the sale.
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