ErnieS0
Expert Alumni

Get your taxes done using TurboTax

Short-term transactions are sales or exchanges of cryptocurrency that you bought and sold in a year or less. Noncovered means your crypto exchange did not report your cost (basis) to the IRS.

 

Awesome community member @maricruz nailed it. Select short-term noncovered in the drop down.

 

Your may have to add your cost. Noncovered transactions may have a blank cost because it is not reported to the IRS. If you get those errors, check your records or brokerage statement to find a cost basis.

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