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Deductions & credits
To clarify,
How did you EARN this crypto?
Normally, when you earn it, you claim it as income at the value amount at the time you gain control of it.
That becomes your "Cost Basis".
When you trade or sell it, the proceeds is what you sell it for. The Proceeds less Cost Basis is capital gain. If you sold for less than your Cost Basis, you have a loss.
Are these amounts fractions? If so and you have several, add them together and enter as a summary.
Separate Long Term (more than one year) from Short Term ( one year or less)
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March 7, 2022
2:30 PM