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Level 1
February 24, 2021
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Crypto report question

  • February 24, 2021
  • 1 reply
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I'm trying to manually report my coinbase pro transaction. I purchased my coin at different times and sold them later. Problem is I can only insert one date of purchase. Is it ok if I can I leave this box blank? What can I do if I have more than one date of purchase?

Best answer by JohnB5677

No, you cannot leave the date blank.  You do have the option of entering "Various".  This will account for multiple purchases.

 

As a caution.  Be sure that all of the transactions are categorized as  short term or long term trades.

Capital Gains and Losses (intuit.com) 

 

There is a procedure for entering Various into you investment transactions.

Open (continue) your return if it isn't already open.

Income & Expenses

  1. Scroll to Stocks, Mutual Funds, Bonds, Other
  2. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
    • If you see Here's the info we have for these investment sales, select Add More Sales.
  3. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
  4. At Let's get your tax info, choose how you want to enter your 1099-B (type it in yourself)
  5. Select the pencil to work on the transaction
  6. In the date area there are two bullets.
    • On one Date, and
    • Something other than a Date
  7. Select Something other than a Date
  8. There is a drop down menu for Various.

1 reply

JohnB5677
JohnB5677Answer
Level 15
February 24, 2021

No, you cannot leave the date blank.  You do have the option of entering "Various".  This will account for multiple purchases.

 

As a caution.  Be sure that all of the transactions are categorized as  short term or long term trades.

Capital Gains and Losses (intuit.com) 

 

There is a procedure for entering Various into you investment transactions.

Open (continue) your return if it isn't already open.

Income & Expenses

  1. Scroll to Stocks, Mutual Funds, Bonds, Other
  2. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
    • If you see Here's the info we have for these investment sales, select Add More Sales.
  3. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
  4. At Let's get your tax info, choose how you want to enter your 1099-B (type it in yourself)
  5. Select the pencil to work on the transaction
  6. In the date area there are two bullets.
    • On one Date, and
    • Something other than a Date
  7. Select Something other than a Date
  8. There is a drop down menu for Various.
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