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Level 1
March 26, 2026
Question

How do I file crypto gains/losses?

  • March 26, 2026
  • 1 reply
  • 3 views
On TurboTax, where can I go to report cyrpo gains/losses? I see online that it should be on a T1 but TurboTax does not give this form option.

    1 reply

    Level 6
    March 26, 2026

    If you trade digital currency (such as Bitcoin, Litecoin, Ripple, Ethereum, or Monero) as an investment, any gains or losses are reported on your tax return as a capital gain or loss, just like stocks or gold.

    Here's how to enter your capital gains or losses. Please follow steps from the TurboTax community for step-by-step instructions:  

     

    How do I report the sale of cryptocurrency on my taxes?

     

    Thank you for choosing TurboTax.