You would report the sale of the $45/$145 = 31%.
- $45 is 31% of your total holdings in Bitcoin.
- So you sold 31% if the Bitcoin that you had.
- At current price $1 = .000017 Bitcoin.
- $145 = 0.002465 Bitcoin
- 0.002465 Bitcoin X 31% = 0.000764 Bitcoin sold.
You should post the purchase date
0.000764 Bitcoin Sold
Basis = $31 ($100 X 31%)
Proceeds = $45
Post date of sale
Post this to: Income & Expenses
- Scroll to Stocks, Mutual Funds, Bonds, Other
- Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
- On the OK, what type of investments did you sell? screen, select Stock, Bonds, Mutual Funds. Then select Continue.
- From here, you can import or manually enter your 1099-B.
- Answer the questions about your sales. Choose to Enter sales one by one when asked.
- On the Now, we'll enter one sale on your 1099-B screen, enter your info.
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