I have many cryptocurrency transactions on CashApp & Venmo throughout the year. The transactions were the individual purchases of bitcoin, sending bitcoin to a third party gambling site, and selling bitcoin that was derivative from gambling winnings.
I lost a lot more money than I won…. I’m aware that I can write off my gambling losses up to the amount of my winnings. I don’t know how to input that into the turbo tax program.
All the transaction options available were not an accurate representation of how the cryptocurrency was being used. The options were things like capital gain, transfer, etc.
