I received form 1099-B Proceeds From Broker and Barter Exchange Transactions from Robinhood Crypto LLC for Short Term gain. Where do I enter this on Turbotax. In the investment section I don't see it. I have Turbotax premier. Thanks
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Where do I enter broker and barter exchange transactions in turbo tax
Enter a 1099 B under
Federal Taxes Tab or Personal (Home & Business)
Wages & Income
Then scroll down to Investment Income,
Then Stocks, Mutual Funds, Bonds, Other - click Start or Update
If you have a net loss for the year you can only deduct 3,000 (1,500 MFS) max on your tax return. The rest you have to carryover to next year. You have to report the carryover every year until it's used up. You can't skip a year.
Please explain how to enter 1099B Proceeds From Broker and Barter Exchange Transactions
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