CCnewlife988
Returning Member

Investors & landlords

I lost my cryptocurrency to a scam, so there is no gain but loss.   I used CoinLedger as the crypto service to generate the tax report and form 1040(screenshot 1 below), but the result was only 0.53 as proceeds(screenshot 2 below is the CVS report below).   If their report doesn't include any loss, do I still need to file it on TurboTax?  The reason I asked is that I purchased the desktop version but it doesn't support crypto.  If there is nothing to file, (as I have no gains and loss is not listed, I can still use the desktop version to file and do not need to buy the TurboTax online version to file tax, correct?  Does that make sense?  Or I should still need to buy the online version in order to upload the $0.53 proceeds on the crypto.  Does IRS only require filing if there is gain, loss, and income?

 
 
Screenshot 1

Screen Shot 2022-10-04 at 10.45.33 PM.png

 

Below, their CVS report for my crypto transaction doesn't list anything but only the $0.53 proceeds.  For Schedule D(screenshot above) again shows no gains and no loss.

 

Screenshot 2

Screen Shot 2022-10-04 at 10.51.27 PM.png