DaveF1006
Expert Alumni

Deductions & credits

You need to take it one step further as this is vital in reporting your cryptocurrency transactions to the IRS. 

  1. Log into Turbo Tax

  2. Go to federal>wages and income>investment income>show more

  3. Scroll to the bottom of this heading and select cryptocurrency

  4. Since you already selected that you traded virtual currency, you will probably already see that heading in your income and expenses summary page when you click on wages and income.

 

 

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