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How do I upload my CSV for my Cryptocurrency transactions using Robinhood? I tried entering manually with one of the 'sold dates' being 07/10/20 and the entry was invalid

 
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1 Reply
JohnB5677
Expert Alumni

How do I upload my CSV for my Cryptocurrency transactions using Robinhood? I tried entering manually with one of the 'sold dates' being 07/10/20 and the entry was invalid

One of the things I noted is that you entered the date as 07/10/20. The format is 07/10/2020.  This may have been the issue.

 

Cryptocurrency sold, exchanged, spent or converted, is treated as sale of property

Like property sales or the sale of stock, any gain or loss from the sale or trade of cryptocurrency is reported as a capital gain or loss.

 

If you buy and sell it within 12 months, it’s treated as a short-term capital gain. If you hold it for over 12 months, it’s taxed at the lower, long-term, capital gain rates.

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