Although Cash App is says that it can provide a 1099-B Proceeds statement, it may not be be helpful. See here.
Does your sales proceeds (such as above) report 'buys' from which you can infer the cost basis? Were the bitcoin bonuses reflected on the reports that you received?
In TurboTax Online Premier version, 1099-B Proceeds statements may be entered by hand or entered as a summary document. A .csv file may be uploaded from your computer.
You would be able to upload a .csv file by following these steps:
- Go to Federal / Wages & Income / Your income / Investments and Savings.
- Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
- Click Add investments.
- At the screen Let's import your tax info, click Enter a different way.
- Click on Cryptocurrency. Continue.
- Click on Upload it from my computer. Continue.
The .csv should follow this format.
- All the columns from the .csv file were deleted except for the five columns listed below.
- All other lines other than the headings and the five columns of data were deleted.
- Purchase Date
- Date Sold
- Proceeds
- Cost Basis
- Currency Name
This is the .csv file format.
A B C D E
purchase date date sold proceeds cost basis currency name
11/24/2020 2/1/2021 1,779.96 1,916.52 ABFOA
12/7/2020 4/1/2021 1,111.46 1,225.45 ABFOA
11/24/2020 3/1/2021 1,638.54 1,638.54 ABFOA
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