Investors & landlords

Sales of crypto currencies are reported using the "Stocks, Mutual Funds, Bonds, Other" interview, telling TurboTax that no 1099-B was received.  As to the "type" of investment sold you can simply use "Everything else."

Even a "swap" of one crypto currency into another crypto currency is considered a reportable sale.  You convert the new crypto currency received into US Dollars at the spot price of the new coin at the time of the sale; that's the reported "proceeds" for the sale of the old coin and it's also the basis of the new coin.

Tom Young

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