Do i have to report bitcoin traded for another coin (bitconnect) coin at a loss if i dont care about the deduction and if so how do i do it.

jpdino1 · ‎June 4, 2019

HelenaC · ‎June 4, 2019

You can't trade one cryptocurrency for another cryptocurrency. It is treated as an investment sale. You have to report the gain/loss of the bitcoin sold. See the following: https://ttlc.intuit.com/replies/6468764

Do i have to report bitcoin traded for another coin (bitconnect) coin at a loss if i dont care about the deduction and if so how do i do it.

Deductions & credits