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How should I report my cryptocurrency activity? I am a freelancer whom at one point in 2019, received cryptocurrency in exchange for services rendered.
I received cryptocurrency in 2019, 0.32 Bitcoin to be exact for services rendered as a freelancer/contractor. On the TurboTax it asks if I've sold any Cryptocurrency, which the obvious answer is yes but I'm getting conflicting information about this online - reporting it as self-employment income, versus some other way.
Also, some of the questions it asks about Cryptocurrency on TurboTax don't apply in this circumstance, for example "Date of Purchase" and "Cost Basis". Would like some info on this before going forward, thank you for any advice you can give.
Also, some of the questions it asks about Cryptocurrency on TurboTax don't apply in this circumstance, for example "Date of Purchase" and "Cost Basis". Would like some info on this before going forward, thank you for any advice you can give.
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‎July 8, 2020
8:42 AM