Investors & landlords

maglib · ‎June 4, 2019

Sorry. No. The 2018 transaction won't get reported till next year.

To record go to "Personal", "Investment Income", "Stocks, Mutual Funds, Bonds, Other", and record each transaction with the date you sold the coins, for how much, when you acquired them, and for what. Choose Other as the category.

Cryptocurrency is considered property by the IRS and every move is a recordable transaction. Only Cryptocurrency held for investment has a gain/loss. Cryptocurrency for personal property is only gains, no losses.

https://www.irs.gov/pub/irs-pdf/p544.pdf and https://www.irs.gov/pub/irs-pdf/i8949.pdf are the IRS rules for property and reporting. Personal property net losses are not deductible but investment property is.... follow the IRS guidelines for property.

IRS guidance on cryptocurrency as property:

https://www.irs.gov/newsroom/irs-virtual-currency-guidance

https://www.irs.gov/pub/irs-drop/n-14-21.pdf

I hope this was helpful?

**I don't work for TT. Just trying to help. All the best.
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