RobertB4444
Employee Tax Expert

Get your taxes done using TurboTax

You can enter them in to the sales sections even though your crypto statement doesn't break them out that way.

 

The four sections are -

 

  • Short term covered (owned the crypto for less than a year and the basis amount that was reported to the IRS is correct)
  • Short term non-covered (owned the crypto for less than a year and the basis amount that was reported to the IRS is incorrect or wasn't reported at all)
  • Long term covered (owned the crypto for more than a year and the basis amount that was reported to the IRS is correct)
  • Long term non-covered (owned the crypto for more than a year and the basis amount that was reported to the IRS is incorrect or wasn't reported at all)

With crypto (and 4000 transactions) most of your totals will fit in the first two.  The IRS will get the statement so you don't have to worry about them being unable to match this stuff up.

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