Get your taxes done using TurboTax

Thanks. I see that there is really no special handling of crypto in the desktop version. Can't say for the online version bc I never saw it. IMO, Turbotax Premier desktop is misleading us. Every year Turbotax desktop has some sort of marketing bs. The only mention of virtual currency is a step "Did you acquire, sell, exchange, or dispose any virtual currency in 2021?" Clicking Yes and Continue just takes you to "my name, Here's a Picture of Your 2021 Income" What the heck is this? What a jip!

 

Coinbase will only issue a Form 1099-MISC if you earned $600 or more in crypto, and they are not required to issue a Form 1099-B or issue reporting to the IRS as of yet. So if even Turbotax actually did handle virtual currency reporting, it wouldn't do any good for anyone who falls into the $600 minimun.

 

BTW, I do suggest that your edit your instruction for #2. There is no investment sales label, and I have no idea what you're saying by select the Jump to link.