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Trading Virtual currency (Cryptocurrency) is treated the same by the IRS as trading stock. 

The trade, or sale, will result in a gain or loss. 

Capital gain or loss is reported on the Federal 1040 in the same section, whether for stocks, bonds or Cryptocurrency; whatever has been purchased, held for investment, and then sold. There is no section specific to cryptocurrency on a Federal Tax return. 

The TurboTax program adds sections to make it easier for the taxpayer to enter their information correctly so it ends up where it should go and calculations can be made within the software. Since you do not need to upload a .csv file, there is no reason you need to go to the section in TurboTax specific for most customers that are trying to enter their cryptocurrency trades without an aggregated statement. 

The IRS views Cryptocurrency as property and the trading of Cryptocurrency the same as trading any other asset. 

IRS Pub 544

"A sale is a transfer of property for money or a
mortgage, note, or other promise to pay money.
An exchange is a transfer of property for other
property or services."

"Investment property
(such as stocks and bonds) is a capital asset,
and a gain or loss from its sale or exchange is a
capital gain or loss."

IRS Notice 2014-21

Q-1: How is virtual currency treated for federal tax purposes?
A-1: For federal tax purposes, virtual currency is treated as property. General tax
principles applicable to property transactions apply to transactions using virtual
currency. "

A-7: The character of the gain or loss generally depends on whether the virtual
currency is a capital asset in the hands of the taxpayer. A taxpayer generally realizes
capital gain or loss on the sale or exchange of virtual currency that is a capital asset in
the hands of the taxpayer. For example, stocks, bonds, and other investment property
are generally capital assets. 

You are taxed on the TOTAL gain, the IRS will NOT look at each individual trade unless you come under audit in which case they will look at the 8949 Statement and whatever is being provided directly from the Brokerage to the IRS. 

Numbers are rounded up or down AFTER a total is computed. 

The section for entering crypto always had the option of choosing "Various" for the purchase date, but not for selling date. 

This section is so that the TurboTax program can do the math and report the gain/loss as short term/long term but your aggregated statement already does that. 

In other words, it doesn't matter if you enter it in the "Crypto Section" or "Stocks, Bonds etc. Section" (etc. includes Virtual Currency) in the TurboTax program, it all goes to the same place on the 1040. 

I hope this clears things up. 

@homerpez

ALTHOUGH I WOULD ASK ABOUT THE VOLUME YOU ARE REPORTING, shouldn't that be more than 1?  If the aggregate reports a number in volume, I would use that for number of sales. 

[Edited 02/01/2022 I 2:39 pm PST}