RobertG
Expert Alumni

Deductions & credits

You need to report your cryptocurrency if you sold, exchanged, spent or converted it though.

 

  1. Select Federal from the left menu, and Wages & Income from the menu near the top.
  2. Scroll down and select Show more next to Investment Income.
  3. Select Start or Revisit next to Cryptocurrency.
  4. Follow the instructions and we'll calculate the gain or loss from the sale.

For further information please see the TurboTax website: How do I report Bitcoin or other cryptocurrency as a capital gain?

 

 

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