Purchased crypto through MoonPay and Coinbase in 2022. Need to report loss through TurboTax.

[coolguy042]

Hello,

2022 was the first year I tried trading cryptocurrency, and ultimately lost quite a bit.

I purchased a cumulative amount of $9615 through both MoonPay and Coinbase, and at the end of the year cashed out $387, trying to save what little I had left over. I had 0 assets in crypto after cashing out.
Ultimately, that means I lost $9.2k roughly.

Does anyone know of any guides how to report crypto losses on TurboTax? Especially when I purchased multiple transactions that add up to the $9615, listed above. I have traceable items on my bank statement that add up to the total purchase of Crypto, and also the cash out of $387 in 2022 on the same statement.

Coinbase or MoonPay is not providing me with any forms, since it thinks I didn't make enough to report to the IRS in 2022.

thanks!

[MinhT1]

You report your cryptocurrency sales as property sales even if you did not receive any tax document from your broker. If you have held the cryptocurrency for a year or less, the gain/loss is a short term capital gain/loss. If you held it for more than a year, the gain/loss is long-term.

Please read this TurboTax Help article on how to report the sales.