To report stock, or Crypto transactions you will need to have the Premiere software.
You will then be able to post it to:
Income & Expenses
- Scroll to Stocks, Mutual Funds, Bonds, Other
- Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
- On the OK, what type of investments did you sell? screen, select Stock, Bonds, Mutual Funds. Then select Continue.
- From here, you can import or manually enter your 1099-B.
- Answer the questions about your sales. Choose to Enter sales one by one when asked.
- On the Now, we'll enter one sale on your 1099-B screen, enter your info.
Cryptocurrency sold, exchanged, spent or converted, is treated as sale of property
Like property sales or the sale of stock, any gain or loss from the sale or trade of cryptocurrency is reported as a capital gain or loss.
If you buy and sell it within 12 months, it’s treated as a short-term capital gain. If you hold it for over 12 months, it’s taxed at the lower, long-term, capital gain rates.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
