RobertB4444
Expert Alumni

Investors & landlords

Yes, @JMiller13, I do have ideas on how you file this!  You may not like all of them.

 

First, you're going to have to figure out the term for these transactions - long or short.  Long is a year and a day or more, short less than that.  How are you going to figure that out?  No idea.  You have to refer to what the transactions are for and try to figure out when you bought them.  Your broker should be able to help.  If they can't you might think about shifting your wallet to a different broker.

 

Next is figuring out your cost basis.  What you paid for all of these fractional pieces.  If you don't know and your broker doesn't know then I would suggest entering zero.  The total amount is only the fees that were paid, right?  So its not a ton of money.  You know how much you have invested in your wallet?  Well the rest of your crypto just got slightly more valuable.  

 

Now tell the system that you have a 1099-B to enter but don't import it - enter the summary totals.  Divide the long term and short term that you figured out earlier and then you don't have to worry about the purchase date.  Once you're through with the summary totals you'll be prompted to attach your 1099-B and you can do that.

 

Told you you wouldn't like all of it.

 

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