GeorgeM777
Expert Alumni

Deductions & credits

In your tax situation, did you make multiple purchases and multiple sales over several dates?  If that is the case, the default method is FIFO, which is first in, first out.  Under the FIFO method, the sale of a cryptocurrency will be allocated to the earliest purchase of the same cryptocurrency.  

 

Which version of TurboTax are you using, ie., TurboTax online, TurboTax CD/download?  Both versions contain screens where you can enter the purchase dates and sale dates for transactions.  

 

@bep156

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