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Get your taxes done using TurboTax
Hi JoeFM,
I do not think you are right about how to enter the crypto interest. You said enter the total amount for the year.
Let's say you had interest every month on 10 altcoins. There are 120 transactions. You need to enter it somewhere. When you sell those 10 altcoins next year (for example) it will be again 120 transactions to report because each month every altcoins had a different cost base. Proof of the cost base is your tax report for this year (120 transactions I'm talking about).
Maybe I'm wrong and you need to enter just 10 selling transactions next year (because of 10 different altcoins). In this case this year you need to enter at least 10 different amounts of interest, not just one total amount as you said.
Do not ask me how to enter it 🙂 I don't know 😟 That is why I 'm on this forum searching for a solution.