I have TT Home and Business CD. I made a few Bitcoin trades on both Paypal and Robinhood. Paypal provided no 1099, but I can get the Gain and Loss statement off their website.
I have received a 1099 from Robinhood. I have read on this forum that you can download .csv files on TT. TT Home and Business and/or Robinhood does not seem to allow that. In addition, there is mention on this forum that under "wages and income" that there is a place to enter "cryptocurrency" transactions. I do not see that on TT Home and Business.
What I have began to do is entering these trades under investment accounts. Since Paypal is not listed and I can't download Robinhood, i check "I will enter it myself". When I get to "sales" and enter the information, at the "sale" dropdown, I enter "Short term uncovered" (which is where numbers on the Robinhood 1099 were). A message shows up that says "short term sales with cost basis not reported to the IRS".
So my question(s) are:
1) Where do I enter the crypto information on TT Home and Business? Am I doing it correctly?
2) Can I download the 1099 csv file from Robinhood into TT Home and Business? If I can, I can't figure it out
3) With manual entry of both Paypal and Robinhood, do I have to provide the IRS any documentation of these transactions?
Thanks.
